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Note 7 - Deposits

12 Months Ended

Dec. 31, 2016

Notes to Financial Statements

Deposit Liabilities Disclosures [Text Block]

Note 7. Deposits

The following table presents the balance of deposits held, by category, and the related weighted average stated interest rate as of

December

 

31,

 

2016

and

2015.

(In thousands)		As of December 31,
		2016								2015
		Balance				Weighted Avg. Stated Interest Rate				Balance				Weighted Avg. Stated Interest Rate
Non-interest bearing		$	76,772				-			$	85,797				-
Interest bearing:
NOW			29,912				0.0312	%			27,951				0.0200	%
Savings			131,429				0.6439	%			106,291				0.5362	%
Money market			15,593				0.0359	%			19,508				0.0413	%
Certificates of deposit, less than $250,000			160,609				0.8899	%			139,455				0.5960	%
Certificates of deposit, $250,000 or greater			51,077				1.3714	%			17,509				0.7644	%
Brokered deposits			63,932				0.3436	%			48,154				0.4310	%
Interest bearing, Total			452,552				0.7095	%			358,868				0.4893	%
Total Deposits		$	529,324				0.6166	%		$	444,665				0.4049	%

The following table presents interest expense, by deposit category, and the related weighted average effective interest rate for each of the years in the

three

-year period ended

December

31,

2016.

 

(In thousands)		Year ended December 31,
		2016								2015								2014
		Interest Expense				Weighted Avg. Effective Interest Rate				Interest Expense				Weighted Avg. Effective Interest Rate				Interest Expense				Weighted Avg. Effective Interest Rate
NOW		$	8				0.0293	%		$	5				0.0182	%		$	3				0.0138	%
Savings			778				0.6196	%			489				0.4929	%			330				0.3842	%
Money market			7				0.0365	%			9				0.0389	%			15				0.0509	%
Certificates of deposit, less than $250,000			888				0.6460	%			1,150				0.7111	%			1,860				0.9164	%
Certificates of deposit, $250,000 or greater			215				0.9722	%			147				0.8456	%			154				0.9257	%
Brokered deposits			346				0.2579	%			216				0.1930	%			2				0.0035	%
		$	2,242				0.5533	%		$	2,016				0.5477	%		$	2,364				0.6303	%

As of

December

31,

2016,

contractual maturities of Certificates of Deposit (“CDs”), excluding brokered deposits that are short-term in nature (e.g., less than

one

year), and the related weighted average stated interest rate by maturity is summarized as follows:

(In thousands)		CDs less than $250,000				Weighted Avg. Stated Interest Rate				CDs $250,000 or greater				Weighted Avg. Stated Interest Rate				Certificates of deposit				Weighted Avg. Stated Interest Rate
1 year or less		$	121,014				0.7104	%		$	23,309				0.9662	%		$	144,323				0.7517	%
More than 1 year through 2 years			35,726				1.5372	%			26,177				1.6924	%			61,903				1.6028	%
More than 2 years through 3 years			1,738				0.5090	%			1,591				2.0268	%			3,329				1.2345	%
More than 3 years through 4 years			1,516				0.5454	%			0				0.0000	%			1,516				0.5454	%
More than 4 years through 5 years			615				0.5395	%			0				0.0000	%			615				0.5395	%
		$	160,609				0.8899	%		$	51,077				1.3714	%		$	211,686				1.0061	%

X

- 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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X

- References

No definition available.

+ Details

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