Note 8 - Deposits

12 Months Ended

Dec. 31, 2017

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

$364,329,340

and

$300,852,485

as of

December 31, 2017

and

2016,

respectively.

As of

December 31,

2017,

the scheduled maturities of certificates of deposit were as follows:

Year ending December 31:
2018	$	478,334,220
2019		86,231,955
2020		18,143,039
2021		8,223,919
2022		5,071,695
Thereafter		67,050
	$	596,071,878

The Company

had a

$35.0

million PUD LOC with the FHLB of Des Moines and a

$10.1

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

December 31, 2017.

As of

December 31, 2016,

the Company had a

$40.0

million PUD LOC with the FHLB of Des Moines and a

$7.0

million PUD LOC with the FHLB of Chicago. There were

no

amounts outstanding under these letters of credit as of

December 31, 2017

or

2016.