| Schedule of Deposit Liabilities |
Deposits are summarized as follows at December 31:
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December 31,
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December 31,
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2017(1)
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2016(1)
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Noninterest-bearing checking
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$
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177,739
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$
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145,377
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Interest-bearing checking
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119,872
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63,978
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Savings
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72,082
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54,996
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Money market(2)
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228,742
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242,849
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Certificates of deposit less than $100,000(3)
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111,489
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93,791
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Certificates of deposit of $100,000 through $250,000
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77,934
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74,832
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Certificates of deposit of $250,000 and over(4)
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32,833
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27,094
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Escrow accounts related to mortgages serviced
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9,151
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9,676
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Total
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$
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829,842
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$
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712,593
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(1)
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Includes $134.6 million of deposits acquired in the Branch Purchase at December 31, 2017 and $162.2 million at December 31, 2016. |
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(2)
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Includes $6.5 million of brokered deposits at December 31, 2017 and none at December 31, 2016. |
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(3)
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Includes $59.3 million and $47.1 million of brokered deposits at December 31, 2017 and 2016, respectively. |
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(4)
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Time deposits that meet or exceed the FDIC insurance limit. |
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| Schedule of Maturities of Time Deposits for Future Periods |
Scheduled maturities of time deposits at December 31, 2017 for future years ending are as follows:
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At December 31, 2017
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Maturing in 2018
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$
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108,142
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Maturing in 2019
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56,047
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Maturing in 2020
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23,781
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Maturing in 2021
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16,295
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Maturing in 2022
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17,969
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Thereafter
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22
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Total
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$
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222,256
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| Schedule of Interest Expense by Deposit Category |
Interest expense by deposit category for the years ended December 31, 2017 and 2016 is as follows:
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2017
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2016
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Interest-bearing checking
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$
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128
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$
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27
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Savings and money market
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1,260
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1,019
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Certificates of deposit
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2,532
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2,208
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Total
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$
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3,920
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$
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3,254
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