Note 10 - Deposits

12 Months Ended

Dec. 31, 2017

Notes to Financial Statements

Deposit Liabilities Disclosures [Text Block]

(

1

0

)

Deposits

The

aggregate amount of overdrawn deposit accounts reclassified as loan balances totaled

$475,161

and

$413,563

as of

December 31, 2017

and

2016,

respectively.

Components

of interest-bearing deposits as of

December 31

are as follows:

	20 1 7		20 16
Interest-Bearing Demand	$	458,717,332	$	448,003,985
Savings		78,172,441		70,066,140
Time, $250,000 and Over		38,919,469		32,168,191
Other Time		301,248,235		335,059,579
	$	877,057,477	$	885,297,895

At

December 31,

2017

and

2016,

the Company had brokered deposits of

$46,328,995

and

$49,303,139,

respectively. All of these brokered deposits represent Certificate of Deposit Account Registry Service (CDARS) reciprocal deposits. The CDARS deposits are ones in which customers placed core deposits into the CDARS program for FDIC insurance coverage and the Company receives reciprocal brokered deposits in a like amount. The aggregate amount of jumbo certificates of deposit, each with a minimum denomination of

$250,000

was

$38,919,469

and

$32,168,191

as of

December 31, 2017

and

December 31, 2016,

respectively.

As

of

December 31, 2017,

the scheduled maturities of certificates of deposit are as follows:

Year	Amount
201 8	$	255,574,623
201 9		41,210,289
20 20		22,116,817
20 21		11,206,127
20 22 and Thereafter		10,059,848
	$	340,167,704