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DEPOSITS

12 Months Ended

Dec. 31, 2013

NOTE 8 - DEPOSITS

Major classifications of deposits at December 31, 2013 and 2012 consisted of:

(Amounts in thousands)

	2013		2012
Demand - non-interest bearing	$	85,156	$	76,418
Demand - interest bearing		208,883		128,657
Savings		164,138		155,996
Time, $100,000 and over		82,592		89,082
Other time		149,306		158,681
Total deposits	$	690,075	$	608,834

The following is a schedule reflecting classification and remaining maturities of time deposits of $100,000 and over at December 31, 2013:

(Amounts in thousands)

2014	$	60,472
2015		6,041
2016		6,363
2017		4,181
2018 and thereafter		5,535
	$	82,592

Interest expense related to time deposits of $100,000 or more was $838,000 in 2013, $894,000 in 2012 and $1,151,000 in 2011.

At December 31, 2013, the largest two depositors had aggregate deposits of approximately $109,908,000 as follows:

School district	$	75,685,000
School district		34,223,000
Total	$	109,908,000

- Definition

The entire disclosure for deposit liabilities including data and tables. It may include a description of the entity's deposit liabilities, the aggregate amount of time deposits (including certificates of deposit) in denominations of $100,000 or more at the balance sheet date; the aggregate amount of any demand deposits that have been reclassified as loan balances, such as overdrafts, at the balance sheet date; deposits that are received on terms other than those in the normal course of business, the amount of accrued interest on deposit liabilities; securities, mortgage loans or other financial instruments that serve as collateral for deposits; for time deposits having a remaining term of more than one year, the aggregate amount of maturities for each of the five years following the balance sheet date; and the weighted average interest rate for all deposit liabilities held by the entity.

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