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Deposits
 12 Months Ended
Dec. 31, 2016
Deposits [Abstract]  
Deposits

Note 8. Deposits

 

Major classifications of interest-bearing deposits are as follows:

 

    2016     2015     2014  
                   
NOW and SuperNOW   $ 29,412,646     $ 27,502,016     $ 26,990,274  
Money Market     18,355,576       19,079,536       20,465,436  
Savings     80,006,504       78,107,913       74,973,038  
Certificates of Deposit, $100,000 or more     30,874,898       34,239,331       36,118,031  
Other time deposits     74,497,737       82,677,870       91,767,589  
                         
    $ 233,147,361     $ 241,606,666     $ 250,314,368  

 

Interest expense on deposits is as follows:

 

    2016     2015     2014  
                   
NOW and SuperNOW   $ 8,801     $ 9,711     $ 11,608  
Money Market     9,462       12,763       9,965  
Savings     44,866       39,936       37,537  
Certificates of Deposit, $100,000 or more     455,781       522,637       523,472  
Other time deposits     962,222       1,165,027       1,310,732  
                         
    $ 1,481,132     $ 1,750,074     $ 1,893,314  

  

At December 31, 2016, the scheduled maturities of time deposits are approximately as follows:

 

    2016  
       
2017   $ 33,373,000  
2018     21,195,000  
2019     26,390,000  
2020     14,494,000  
2021     8,894,000  
2022 and thereafter     1,027,000  
         
    $ 105,373,000  
 

  

Deposit balances of executive officers and directors and their affiliated interests totaled approximately $1,623,000, $1,971,000, and $2,331,000 at December 31, 2016, 2015, and 2014, respectively.

 

The Bank had no brokered deposits at December 31, 2016, 2015, and 2014.