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Note 10 - Deposits
 12 Months Ended
Dec. 31, 2015
Disclosure Text Block [Abstract]  
Deposit Liabilities Disclosures [Text Block]

(10) Deposits


The aggregate amount of overdrawn deposit accounts reclassified as loan balances totaled $272,110 and $511,387 as of December 31, 2015 and 2014, respectively.


Components of interest-bearing deposits as of December 31 are as follows:


   

2015

    

2014

  
                 

Interest-Bearing Demand

   $ 412,959,430     $ 363,501,727  

Savings

     64,976,174       59,215,257  

Time, $100,000 and Over

     202,800,899       210,502,901  

Other Time

     196,931,462       217,743,826  
                 
    $ 877,667,965     $ 850,963,711  

At December 31, 2015 and December 31, 2014, the Company had brokered deposits of $25,576,524 and $26,298,267, respectively. All of these brokered deposits represent Certificate of Deposit Account Registry Service (CDARS) reciprocal deposits. The CDARS deposits are ones in which customers placed core deposits into the CDARS program for FDIC insurance coverage and the Company receives reciprocal brokered deposits in a like amount. The aggregate amount of short-term jumbo certificates of deposit, each with a minimum denomination of $100,000 was $141,900,102 and $140,832,026 as of December 31, 2015 and December 31, 2014, respectively. The aggregate amount of jumbo certificates of deposit, each with a minimum denomination of $250,000 was $31,755,483 and $35,750,272 as of December 31, 2015 and December 31, 2014, respectively.


As of December 31, 2015, the scheduled maturities of certificates of deposit are as follows:


Year

  

Amount

  
         

2016

   $ 287,422,547  

2017

     55,668,788  

2018

     32,350,483  

2019

     10,102,321  

2020 and Thereafter

     14,188,222  
         
    $ 399,732,361