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Note 7 - Deposit Liabilities
12 Months Ended
Dec. 31, 2015
Disclosure Text Block [Abstract]  
Deposit Liabilities Disclosures [Text Block]

7. Deposit Liabilities


Major classifications of deposits are summarized as follows for the dates indicated: 


             

December 31, (In thousands)

 

2015

   

2014

 

Noninterest Bearing

  $ 313,969     $ 292,788  
                 

Interest Bearing

               

Demand

    328,803       335,657  

Savings

    400,844       363,185  

Time

    325,378       395,531  

Total interest bearing

    1,055,025       1,094,373  
                 

Total Deposits

  $ 1,368,994     $ 1,387,161  

At December 31, 2015, the scheduled maturities of time deposits were as follows:


       

(In thousands)

 

Amount

 

2016

  $ 206,083  

2017

    65,718  

2018

    33,203  

2019

    12,583  

2020

    3,968  

Thereafter

    3,823  

Total

  $ 325,378  

Time deposits that meet or exceed the Federal Deposit Insurance Corporation (“FDIC”) limit of $250 thousand were $23.3 million and $28.0 million at December 31, 2015 and 2014, respectively.


Deposits from directors, executive officers, and principal shareholders of the Parent Company and its subsidiaries (including deposits from affiliated companies of which they are principal owners) and deposits from members of the immediate family of such persons were $28.1 million and $19.8 million at December 31, 2015 and 2014, respectively. Such deposits were accepted in the normal course of business on substantially the same terms as those prevailing at the time for comparable transactions with other customers.