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Deposits | 12 Months Ended
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Dec. 31, 2018
Deposits [Abstract] |
Deposits | Deposits Deposits: At December 31, 2018, the scheduled maturities of certificates of deposit are as follows:
(In Thousands)
2019 |  | $57,451 |
2020 | 47,071 |
2021 | 5,458 |
2022 | 710 |
2023 | 784 |
Thereafter | 1,799 |
Total |  | $113,273 |
The Company is a member of the Certificate of Deposit Account Registry System (“CDARS”) which is a network of over 3,000 banks throughout the United States. The CDARS system was founded in 2003 and allows participating banks to exchange FDIC insurance coverage so that 100% of the balance of their customers’ certificates of deposit are fully subject to FDIC insurance. The system also allows for investment of banks’ own investment dollars in the form of domestic certificates of deposit. The Company had no CDARS certificates of deposits at December 31, 2018 or 2017. At December 31, 2018 and 2017, the Company did not hold any certificates of deposit from a public entity collateralized by letters of credit issued by the FHLB. At December 31, 2018 and 2017, the Company did not have any securities pledged to collateralize certificates of deposit from a public entity. At December 31, 2018 and 2017, the Company held $2.7 million and $2.5 million, in deposits for related parties, including directors, executive officers, and their affiliates. Interest expense: Interest expense on deposits is presented below:
(In Thousands) | 2018 |  | 2017 |  | 2016
Interest-bearing demand accounts |  | $8 |  |  |  | $21 |  |  |  | $67 |
Money market accounts | 855 |  |  | 472 |  |  | 418 |
Savings accounts | 744 |  |  | 520 |  |  | 489 |
Certificates of deposit $250,000 and greater | 472 |  |  | 480 |  |  | 614 |
Certificates of deposit less than $250,000 | 228 |  |  | 214 |  |  | 282 |
Total |  | $2,307 |  |  |  | $1,707 |  |  |  | $1,870 |

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- Definition The entire disclosure for deposit liabilities including data and tables. It may include a description of the entity's deposit liabilities, the aggregate amount of time deposits (including certificates of deposit) in denominations of $100,000 or more at the balance sheet date; the aggregate amount of any demand deposits that have been reclassified as loan balances, such as overdrafts, at the balance sheet date; deposits that are received on terms other than those in the normal course of business, the amount of accrued interest on deposit liabilities; securities, mortgage loans or other financial instruments that serve as collateral for deposits; for time deposits having a remaining term of more than one year, the aggregate amount of maturities for each of the five years following the balance sheet date; and the weighted average interest rate for all deposit liabilities held by the entity. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 405 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=50488274&loc=d3e64164-112818 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03.12) -URI http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878 + Details
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- References No definition available. + Details
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