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Deposits
 12 Months Ended
Dec. 31, 2016
Deposits [Abstract]  
Deposits

Note 8 – Deposits

 

Deposit balances as of December 31 consisted of the following:

 

(Dollars in thousands)  2016   2015 
         
Noninterest-bearing demand deposits  $127,611   $122,937 
Interest-bearing demand deposits   122,465    106,882 
Money market deposits   99,454    86,987 
Savings deposits   75,835    70,946 
Local certificates of deposit   79,108    86,944 
Brokered certificates of deposit   7,913    — 
    Total deposits  $512,386   $474,696 

 

Scheduled maturities of certificates of deposit at December 31, 2016 were as follows:

 

(Dollars in thousands)      
       
2017   $54,111 
2018    17,778 
2019    7,401 
2020    7,627 
2021    104 
    Total    $87,021 

 

The Bank had certificates of deposit issued in denominations of $250,000 or greater totaling $22.2 million and $21.4 million at December 31, 2016 and 2015, respectively. The Bank held $7.9 million in brokered certificates of deposit at December 31, 2016 as brokered rates became competitive with other wholesale funding channels. In addition, the Bank had $2.0 million of certificates of deposit as of December 31, 2016 and $2.1 million as of December 31, 2015 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.