Deposits

12 Months Ended

Dec. 31, 2013

Note 8. Deposits

Major classifications of interest-bearing deposits are as follows:


	2013		2012		2011

NOW and SuperNOW	$	27,991,553	$	31,699,734	$	24,039,056
Money Market		19,219,579		20,734,875		18,084,117
Savings		71,278,801		68,516,141		60,063,518
Certificates of Deposit, $100,000 or more		28,916,597		28,213,893		31,414,705
Other time deposits		89,649,301		98,835,758		105,003,802

	$	237,055,831	$	248,000,401	$	238,605,198

Interest expense on deposits is as follows:


	2013		2012		2011

NOW and SuperNOW	$	11,300	$	15,754	$	28,819
Money Market		10,618		25,914		54,006
Savings		55,591		106,424		160,446
Certificates of Deposit, $100,000 or more		373,880		459,130		558,538
Other time deposits		1,562,938		2,003,684		2,236,531

	$	2,014,327	$	2,610,906	$	3,038,340

At December 31, 2013, the scheduled maturities of time deposits are approximately as follows:


	2013

2014	$	49,524,000
2015		24,996,000
2016		14,748,000
2017		5,719,000
2018		18,683,000
2019 and thereafter		4,896,000

	$	118,566,000

Deposit balances of executive officers and directors and their affiliated interests totaled approximately $2,147,000, $2,188,000, and $2,053,000 at December 31, 2013, 2012, and 2011, respectively.

The Bank had no brokered deposits at December 31, 2013, 2012, and 2011.

- 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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