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Deposits
12 Months Ended
Dec. 31, 2016
Deposits  
Deposits

Note 9: Deposits

 

Major classifications of deposits were as follows:

 

 

 

 

 

 

 

 

 

 

    

2016

    

2015

  

Noninterest bearing demand

 

$

513,688

 

$

442,639

 

Savings

 

 

256,159

 

 

252,169

 

NOW accounts

 

 

419,417

 

 

376,720

 

Money market accounts

 

 

275,273

 

 

279,709

 

Certificates of deposit of less than $100,000

 

 

228,993

 

 

235,336

 

Certificates of deposit of $100,000 through $250,000

 

 

110,992

 

 

109,855

 

Certificates of deposit of more than $250,000

 

 

62,263

 

 

62,658

 

Total deposits

 

$

1,866,785

 

$

1,759,086

 

 

Growth in total deposits stemmed from the Talmer branch acquisition; the Company assumed $48.9 million of additional deposits, primarily noninterest bearing demand accounts.  Additional growth for 2016 was driven by NOW account volume increases.  The Company had $5.9 million in brokered certificates of deposit as of December 31, 2016.  The Company had $3.9 million in brokered certificates of deposit as of December 31, 2015.  Deposits held by senior officers and directors, including their related interests, totaled $1.6 million as of December 31, 2016 and 2015.

 

At December 31, 2016, scheduled maturities of time deposits were as follows:

 

 

 

 

 

 

2017

    

$

208,154

 

2018

 

 

77,036

 

2019

 

 

49,690

 

2020

 

 

49,332

 

2021

 

 

18,036

 

Total time deposits

 

$

402,248