Note 8. Deposits

The following table summarizes the major classifications of deposit balances as of the dates indicated:


	December 31,
	2017		2016
(dollars in thousands)
Noninterest-bearing deposits	$	104,017	$	100,099

Interest-bearing deposits:
Interest-bearing checking		28,774		29,413
Money Market		19,855		18,356
Savings		85,890		80,006
Time deposits, $100,000 or more		43,452		46,879
Time deposits below $100,000		52,250		58,493
Total interest- bearing deposits		230,221		233,147

Total Deposits	$	334,238	$	333,246

Interest expense on deposits for the years ended December 31, 2017 and 2016 is as follows:


	2017		2016
(dollars in thousands)
Interest-bearing checking	$	9	$	9
Money Market		10		9
Savings		50		45
Time deposits, $100,000 or more		416		456
Time deposits below $100,000		815		962
Total Interest Expense	$	1,300	$	1,481

The Bank recognized $0.3 million of fee income from deposits for the years ended December 31, 2017 and 2016.

At December 31, 2017, the scheduled maturities of time deposits are approximately as follows:


(dollars in thousands)	Amount
Maturing in:
2018	$	38,482
2019		30,146
2020		14,372
2021		8,647
2022		3,429
2023 and thereafter		626
Total Time Deposits	$	95,702

Deposit balances of executive officers and directors and their affiliated interests totaled approximately $1.9 million and $1.6 million at December 31, 2017 and 2016, respectively.

The Bank had no brokered deposits at December 31, 2017 and 2016.