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Deposits

12 Months Ended

Dec. 31, 2014

Deposits [Abstract]

Note 8 – Deposits

Deposit balances as of December 31 consisted of the following:

(Dollars in thousands)
			2014				2013
Noninterest-bearing demand deposits		$	113,006			$	102,243
Interest-bearing demand deposits			71,651				64,560
Money market deposits			78,272				75,110
Savings deposits			67,035				63,681
Local certificates of deposit			104,864				112,533
Total deposits		$	434,828			$	418,127

Scheduled maturities of certificates of deposit at December 31, 2014 were as follows:

(Dollars in thousands)

2015				$	67,957
2016					21,065
2017					6,315
2018					6,128
2019					3,130
2020					269
	Total			$	104,864

The Bank had certificates of deposit issued in denominations of $100,000 or greater totaling $57.0 million and $66.9 million at December 31, 2014 and 2013, respectively. The Bank had no brokered certificates of deposit at either December 31, 2014 or December 31, 2013. In addition, the Bank had $3.1 million of certificates of deposit as of December 31, 2014 and $4.1 million as of December 31, 2013 that had been issued through the Certificate of Deposit Account Registry Service (CDARS). Although certificates of deposit issued through CDARS are issued to local customers, this type of deposit is classified as brokered deposits for regulatory purposes.

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.

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