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Deposits
12 Months Ended
Dec. 31, 2015
Banking and Thrift [Abstract]  
Deposits
DEPOSITS
 
Interest-bearing deposits consisted of the following (in thousands):
 
 
December 31,
 
 
2015
 
2014
Savings
 
$
81,383

 
$
71,381

Money market
 
239,241

 
228,268

NOW accounts
 
227,167

 
209,781

Time, $250,000 or more
 
42,149

 
45,792

Time, under $250,000
 
97,554

 
107,528

 
 
$
687,494

 
$
662,750



Aggregate annual maturities of time deposits are as follows (in thousands):
Years Ending December 31,
 
 
2016
 
$
108,380

2017
 
19,485

2018
 
7,874

2019
 
1,630

2020
 
1,693

Thereafter
 
641

 
 
$
139,703


 
Interest expense recognized on interest-bearing deposits consisted of the following (in thousands):
 
 
Years Ended December 31,
 
 
2015
 
2014
 
2013
Savings
 
$
30

 
$
32

 
$
40

Money market
 
141

 
174

 
229

NOW accounts
 
231

 
209

 
251

Time certificates of deposit
 
546

 
645

 
750

 
 
$
948

 
$
1,060

 
$
1,270