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Deposits
 12 Months Ended
Dec. 31, 2015
Deposits [Abstract]  
Deposits

Note 8 – Deposits

 

Deposit balances as of December 31 consisted of the following:

               
(Dollars in thousands)   2015   2014  
               
Noninterest-bearing demand deposits   $ 122,937   $ 113,006  
Interest-bearing demand deposits     106,882     71,651  
Money market deposits     86,987     78,272  
Savings deposits     70,946     67,035  
Local certificates of deposit     86,944     104,864  
Total deposits   $ 474,696   $ 434,828  

 

Scheduled maturities of certificates of deposit at December 31, 2015 were as follows:

 

(Dollars in thousands)          
           
2016   $ 54,241    
2017     16,104    
2018     9,074    
2019     3,368    
2020     3,864    
2021     293    
Total   $ 86,944    

 

The Bank had certificates of deposit issued in denominations of $250,000 or greater totaling $21.4 million and $27.2 million at December 31, 2015 and 2014, respectively. The Bank had no brokered certificates of deposit at either December 31, 2015 or December 31, 2014. In addition, the Bank had $2.1 million of certificates of deposit as of December 31, 2015 and $3.1 million as of December 31, 2014 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.