Deposits (Tables)

12 Months Ended

Dec. 31, 2016

Banking and Thrift [Abstract]

Deposits outstanding by type

Deposits outstanding at December 31, 2016 and 2015 are summarized below by account type.

	December 31, 2016				December 31, 2015
	Balance		Weighted Rate	Interest Rate Range	Balance		Weighted Rate	Interest Rate Range
Checking Accounts	$	171,133,555	0.02%	0.00-0.20%	$	155,765,968	0.03%	0.00-0.20%
Money Market Accounts	230,902,038		0.20%	0.00-0.50%	229,016,993		0.16%	0.10-0.17%
Statement Savings Accounts	36,522,989		0.10%	0.00-0.10%	31,191,828		0.10%	0.00-0.10%
Total	$	438,558,582	0.12%	0.00-0.50%	$	415,974,789	0.11%	0.00-0.20%
Certificate Accounts:
0.00 – 0.99%	$	148,370,515			$	175,755,511
1.00 – 1.99%	66,532,221				51,479,431
2.00 – 2.99%	641,960				8,886,814
Total	$	215,544,696	0.78%	0.05-2.00%	$	236,121,756	0.69%	0.04-2.52%
Total Deposits	$	654,103,278	0.34%	0.00-2.00%	$	652,096,545	0.32%	0.00-2.52%

Amounts and scheduled maturities of all certificates of deposit

The amounts and scheduled maturities of all certificates of deposit were as follows at December 31, 2016 and 2015:

	December 31,
	2016		2015
Within 1 Year	$	131,484,617	$	141,385,500
After 1 Year, Within 2 Years	40,384,177		56,022,488
After 2 Years, Within 3 Years	15,459,977		23,139,815
After 3 Years, Within 4 Years	8,452,948		9,179,894
After 4 Years, Within 5 Years	19,762,977		6,394,059
	$	215,544,696	$	236,121,756