Annual report pursuant to Section 13 and 15(d)

DEPOSITS

v3.8.0.1
DEPOSITS
12 Months Ended
Dec. 31, 2017
DEPOSITS [Abstract]  
DEPOSITS
NOTE 7 – DEPOSITS

Deposits at year-end were as follows (dollars in thousands):
 
   
2017
   
2016
 
Noninterest-bearing demand
 
$
490,583
   
$
501,478
 
Interest bearing demand
   
408,865
     
340,715
 
Savings and money market accounts
   
587,931
     
532,853
 
Certificates of deposit
   
91,631
     
73,678
 
   
$
1,579,010
   
$
1,448,724
 

The following table depicts the maturity distribution of certificates of deposit at December 31, 2017 (dollars in thousands):
 
2018
 
$
62,875
 
2019
   
19,769
 
2020
   
6,477
 
2021
   
1,604
 
2022
   
906
 
Thereafter
   
---
 
   
$
91,631
 

Time deposits that exceed the FDIC insurance limit of $250,000 at year end 2017 and 2016 were approximately $25.0 million and $17.4 million, respectively.