Note 11 - Deposits

12 Months Ended

Dec. 31, 2018

Notes to Financial Statements

Deposit Liabilities Disclosures [Text Block]

(

1

1

)

Deposits

The aggregate amount of overdrawn deposit accounts reclassified as loan balances totaled

$476,182

and

$475,161

as of

December 31, 2018

and

2017,

respectively.

Components of interest-bearing deposits as of

December 31

are as follows:

	20 1 8		2017
Interest-Bearing Demand	$	471,794,491	$	458,717,332
Savings		79,452,705		78,172,441
Time, $250,000 and Over		53,881,417		38,919,469
Other Time		287,149,453		301,248,235
	$	892,278,066	$	877,057,477

At

December 31, 2018

and

2017,

the Company had brokered deposits of

$80,535,032

and

$46,328,995

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

$53,881,417

and

$38,919,469

as of

December 31, 2018

and

December 31, 2017,

respectively.

As of

December 31, 2018,

the scheduled maturities of certificates of deposit are as follows:

Year	Amount
2019	$	241,365,987
2020		45,279,800
2021		37,132,339
2022		8,423,379
2023		8,788,583
Thereafter		40,782
	$	341,030,870