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Deposits

12 Months Ended

Dec. 31, 2017

Deposits [Abstract]

Deposits

NOTE 8 – Deposits

The following is a detail of the deposit accounts:

		December 31,
(dollars in thousands)		2017			2016
Noninterest bearing		$	295,680		235,538
Interest bearing:
NOW accounts			229,945		234,949
Money market accounts			545,029		345,117
Savings			16,298		14,942
Time, less than $100,000			55,461		48,638
Time, $100,000 and over			238,710		211,967
Total deposits		$	1,381,123		1,091,151

At December 31, 2017 and 2016, time deposits greater than $250,000 were $131.7 million and $153.7 million, respectively.

Also, at December 31, 2017 and 2016, the Company had approximately $28.1 million and $59.1 million, respectively, of time deposits that were obtained outside of the Company’s primary market. Interest expense on time deposits greater than $100,000 was $2.7 million for the year ended December 31, 2017, $1.8 million for the year ended December 31, 2016, and $1.7 million for the year ended December 31, 2015.

At December 31, 2017 the scheduled maturities of certificates of deposit are as follows:

(dollars in thousands)
2018		$	213,562
2019			54,669
2020			16,702
2021			1,207
2022 and after			8,031
		$	294,171

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- References

No definition available.

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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://www.xbrl.org/2003/role/presentationRef
-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://www.xbrl.org/2003/role/presentationRef
-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

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