Note 8 - Deposits

12 Months Ended

Dec. 31, 2018

Note 8. Deposits

The aggregate amount of certificates of deposit, each with a minimum denomination of $250,000, was $592.7 million and $364.3 million as of December 31, 2018 and 2017, respectively.

As of December 31, 2018, the scheduled maturities of certificates of deposit were as follows:


Year ending December 31:
2019	$	796,333,079
2020		116,147,111
2021		31,872,141
2022		20,834,858
2023		9,258,973
Thereafter		257,874
	$	974,704,036

The Company has public entity deposits that are collateralized by investment securities with carrying values as follows:


	2018		2017
U.S. govt. sponsored agency securities	$	980,160	$	983,670
Residential mortgage-backed and related securities		9,882,921		9,035,755
	$	10,863,081	$	10,019,425

The Company had a $80.8 million PUD LOC with the FHLB of Des Moines and a $11.0 million PUD LOC with the FHLB of Chicago for the purpose of providing additional collateral on public deposits as of December 31, 2018. As of December 31, 2017, 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. There were no amounts outstanding under these letters of credit as of December 31, 2018 or 2017.