Note 8 - Deposits

12 Months Ended

Dec. 31, 2016

Notes to Financial Statements

Deposit Liabilities Disclosures [Text Block]

Note

8.

Deposits

The aggregate amount of certificates of deposit, each with a minimum denomination of

$250,000,

was

$300,852,485

and

$235,565,570

as of

December

31,

2016

and

2015,

respectively.

As of

December

31,

2016,

the scheduled maturities of certificates of deposit were as follows:

Year ending December 31:
2017	$	367,576,999
2018		61,637,914
2019		33,529,173
2020		11,294,524
2021		6,539,314
	$	480,577,924

The Company had a

$40.0

million PUD LOC with the FHLB of Des Moines and an

$7.0

million PUD LOC with the FHLB of Chicago for the purpose of providing additional collateral on public deposits as of

December

31,

2016.

As of

December

31,

2015,

the Company had a

$45.0

million PUD LOC with the FHLB of Des Moines and an

$8.0

million PUD LOC with the FHLB of Chicago. There were no amounts outstanding under these letters of credit as of

December

31,

2016

or

2015

.