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Brokered Deposits
3 Months Ended
Mar. 31, 2018
Brokered Deposits  
Brokered Deposits

(12) Brokered Deposits. Under the terms of the Consent Order, the Bank is not permitted to solicit brokered deposits. In March 2017, the FDIC notified the Bank that it considers a significant portion of the Bank’s certificates of deposit to be brokered deposits due to the rates paid on such deposits, even though such deposits were not obtained through any deposit brokers. As of March 31, 2018, the Bank had $344,000 in brokered deposits that matured in April 2018.