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Deposits
12 Months Ended
Dec. 31, 2016
Deposits [Abstract]  
Deposits

Note 9.Deposits

The Company’s deposit composition as of December 31, 2016 and December 31, 2015 is presented below:

 

 

 

 

 

 

 

 

 

    

December 31,

    

December 31,

(In thousands)

    

2016

    

2015

Non-interest bearing checking

 

$

97,859

 

$

83,529

NOW

 

 

47,835

 

 

42,558

Money Market

 

 

165,305

 

 

165,251

Savings

 

 

85,170

 

 

53,833

Time deposits ($250 and over)

 

 

19,520

 

 

18,066

Time deposits (less than $250)

 

 

192,368

 

 

189,655

Brokered deposits*

 

 

21,489

 

 

25,000

Total deposits

 

$

629,546

 

$

577,892

 

*Brokered deposits were time deposits in 2016 compared to an interest-bearing demand deposit in 2015.

 

Maturities of time deposits for the next five years and thereafter are as follows:

 

 

 

 

 

 

 

 

 

As of

(In thousands)

    

December 31, 2016

2017

 

 

115,673

2018

 

 

47,886

2019

 

 

27,719

2020

 

 

20,040

2021

 

 

20,154

Thereafter

 

 

1,905

Total certificates of deposit

 

$

233,377