Deposits

12 Months Ended

Dec. 31, 2014

Note 8. Deposits

Major classifications of interest-bearing deposits are as follows:

	2014		2013		2012
NOW and SuperNOW	$	26,990,274	$	27,991,553	$	31,699,734
Money Market		20,465,436		19,219,579		20,734,875
Savings		74,973,038		71,278,801		68,516,141
Certificates of Deposit, $100,000 or more		36,118,031		28,916,597		28,213,893
Other time deposits		91,767,589		89,649,301		98,835,758

	$	250,314,368	$	237,055,831	$	248,000,401

Interest expense on deposits is as follows:

	2014		2013		2013

NOW and SuperNOW	$	11,608	$	11,300	$	15,754
Money Market		9,965		10,618		25,914
Savings		37,537		55,591		106,424
Certificates of Deposit, $100,000 or more		523,472		373,880		459,130
Other time deposits		1,310,732		1,562,938		2,003,684

	$	1,893,314	$	2,014,327	$	2,610,906

At December 31, 2014, the scheduled maturities of time deposits are approximately as follows:

	2014

2015	$	46,167,000
2016		22,907,000
2017		7,022,000
2018		17,514,000
2019		26,052,000
2020 and thereafter		8,224,000

	$	127,886,000

Deposit balances of executive officers and directors and their affiliated interests totaled approximately $2,331,000, $2,147,000, and $2,188,000 at December 31, 2014, 2013, and 2012, respectively.

The Bank had no brokered deposits at December 31, 2014, 2013, and 2012.

- 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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