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Deposits
9 Months Ended
Sep. 30, 2016
Deposits [Abstract]  
Deposits

NOTE 7 - Deposits

Deposits at September 30, 2016 and December 31, 2015 are summarized as follows:

 

(Dollars in thousands)

 

September 30, 2016

 

 

December 31, 2015

 

Noninterest bearing demand

 

$

339,999

 

 

$

168,264

 

Interest bearing demand

 

 

311,351

 

 

 

238,833

 

Individual retirement accounts

 

 

103,007

 

 

 

60,971

 

Money market

 

 

209,572

 

 

 

112,214

 

Savings

 

 

171,665

 

 

 

74,759

 

Certificates of deposit

 

 

765,093

 

 

 

543,909

 

Brokered deposits

 

 

49,990

 

 

 

50,000

 

Total Deposits

 

$

1,950,677

 

 

$

1,248,950

 

 

At September 30, 2016, scheduled maturities of certificates of deposits, individual retirement accounts and brokered deposits are as follows:

 

(Dollars in thousands)

 

September 30, 2016

 

Within one year

 

$

718,056

 

After one but within two years

 

 

141,490

 

After two but within three years

 

 

39,459

 

After three but within four years

 

 

11,812

 

After four but within five years

 

 

7,273

 

Total

 

$

918,090

 

 

Time deposits, including individual retirement accounts, certificates of deposit, and brokered deposits, with individual balances of $250,000 and greater totaled $148,302,000 and $106,258,000 at September 30, 2016 and December 31, 2015, respectively.