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DEPOSITS
12 Months Ended
Dec. 31, 2017
Deposits [Abstract]  
Deposit Liabilities Disclosures [Text Block]

8.  DEPOSITS

The following table sets forth the balance of the Company’s deposits:
 
 
 
AT DECEMBER 31,
  
 
2017
 
2016
  
 
(IN THOUSANDS)
Demand:
 
 
  
 
 
 
  
 
Non-interest bearing
 
$
183,603
 
 
$
188,808
 
Interest bearing
 
 
170,343
 
 
 
163,801
 
Savings
 
 
96,583
 
 
 
96,475
 
Money market
 
 
238,119
 
 
 
258,978
 
Certificates of deposit in denominations of $100,000 or more
 
 
30,297
 
 
 
27,427
 
Other time
 
 
229,000
 
 
 
232,297
 
Total deposits
 
$
947,945
 
 
$
967,786
 
 
Interest expense on deposits consisted of the following:
 
 
 
YEAR ENDED DECEMBER 31,
  
 
2017
 
2016
 
2015
  
 
(IN THOUSANDS)
Interest bearing demand
 
$
638
 
 
$
317
 
 
$
199
 
Savings
 
 
162
 
 
 
159
 
 
 
156
 
Money market
 
 
1,446
 
 
 
1,198
 
 
 
817
 
Certificates of deposit in denominations of $100,000 or more
 
 
319
 
 
 
283
 
 
 
266
 
Other time
 
 
3,690
 
 
 
3,443
 
 
 
3,314
 
Total interest expense
 
$
6,255
 
 
$
5,400
 
 
$
4,752
 
 
The following table sets forth the balance of other time deposits and certificates of deposit of $100,000 or more as of December 31, 2017 maturing in the periods presented:
 
 
YEAR:
 
OTHER
TIME
DEPOSITS
 
CERTIFICATES
OF DEPOSIT
OF $100,000
OR MORE
  
 
(IN THOUSANDS)
2018
 
$
102,529
 
 
$
24,194
 
2019
 
 
47,133
 
 
 
2,295
 
2020
 
 
38,932
 
 
 
3,707
 
2021
 
 
18,796
 
 
 
 
2022
 
 
9,532
 
 
 
 
2023 and after
 
 
12,078
 
 
 
101
 
Total
 
$
229,000
 
 
$
30,297
 
 
The maturities on certificates of deposit greater than $100,000 or more as of December 31, 2017, are as follows:
 
 
MATURING IN:
 
(IN THOUSANDS)
Three months or less
 
$
6,649
 
Over three through six months
 
 
9,511
 
Over six through twelve months
 
 
8,034
 
Over twelve months
 
 
6,103
 
Total
 
$
30,297
 
The aggregate amount of time deposit accounts (including certificates of deposit) that meet or exceed the FDIC insurance limit at December 31, 2017 and 2016 are $49.7 million and $45.8 million, respectively.