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Deposits
12 Months Ended
Dec. 31, 2015
Banking and Thrift [Abstract]  
Deposits
Deposits

Deposits outstanding by type of account are summarized as follows:

 
At December 31, 2015
 
At December 31, 2014
 
Balance
 
Weighted
Rate
 
Interest Rate
Range
 
Balance
 
Weighted
Rate
 
Interest Rate
Range
Checking Accounts
$
155,765,968

 
0.03%
 
0.00-0.20%
 
$
143,422,150

 
0.03%
 
0.00-0.15%
Money Market Accounts
229,016,993

 
0.16%
 
0.10-0.17%
 
234,819,052

 
0.19%
 
0.10-0.20%
Statement Savings Accounts
31,191,828

 
0.10%
 
0.00-0.10%
 
28,622,933

 
0.10%
 
0.00-0.10%
Total
$
415,974,789

 
0.11%
 
0.00-0.20%
 
$
406,864,135

 
0.13%
 
0.00-0.20%
 
 
 
 
 
 
 
 
 
 
 
 
Certificate Accounts:
 
 
 
 
 
 
 
 
 
 
 
0.00 – 0.99%
$
175,755,511

 
 
 
 
 
$
185,458,344

 
 
 
 
1.00 – 1.99%
51,479,431

 
 
 
 
 
42,014,738

 
 
 
 
2.00 – 2.99%
8,886,814

 
 
 
 
 
25,605,349

 
 
 
 
3.00 – 3.99%

 
 
 
 
 
172,598

 
 
 
 
Total
$
236,121,756

 
0.69%
 
0.04-2.52%
 
$
253,251,029

 
0.79%
 
0.05-3.01%
Total Deposits
$
652,096,545

 
0.32%
 
0.00-2.52%
 
$
660,115,164

 
0.38%
 
0.00-3.01%


Included in the certificates above were $42.5 million and $38.8 million in brokered deposits at December 31, 2015 and 2014, respectively, with a weighted average interest rate of 0.94% and 1.14%, respectively. Of the $42.5 million in brokered deposits at December 31, 2015, $11.5 million mature within one year.

The aggregate amount of certificates of deposit with a minimum denomination of $100,000 was $132.0 million and $140.0 million at December 31, 2015 and 2014, respectively.

Certificate of deposits that met or exceeded the FDIC insurance limit of $250,000 were $71.3 million and $69.6 million at December 31, 2015 and 2014, respectively.

The amounts and scheduled maturities of all certificates of deposit are as follows:
 
At December 31,
 
2015
 
2014
Within 1 Year
$
141,385,500

 
$
142,490,027

After 1 Year, Within 2 Years
56,022,488

 
57,481,254

After 2 Years, Within 3 Years
23,139,815

 
22,273,310

After 3 Years, Within 4 Years
9,179,894

 
18,114,738

After 4 Years, Within 5 Years
6,394,059

 
12,891,700

 
$
236,121,756

 
$
253,251,029



At December 31, 2015 and 2014, the Bank had $46,000 and $132,000, respectively, in overdrafts that were reclassified to loans.