Deposits

12 Months Ended

Dec. 31, 2011

9. DEPOSITS

At December 31, 2011, the scheduled maturities of the Bank's time deposits were as follows:


2012	$	209,189,840
2013		33,197,620
2014		17,026,564
2015		15,638,940
2016 and Thereafter		11,999,113

Total	$	287,052,077

At December 31, 2011 and 2010, the Company had brokered certificates of deposit totaling $35,325,141 and $33,445,592, respectively. Deposits from related parties held by the Company amounted to $5,034,247 and $4,363,315 at 2011 and 2010, respectively

- 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.

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