Annual report pursuant to Section 13 and 15(d)

DEPOSITS

v3.3.1.900
DEPOSITS
12 Months Ended
Dec. 31, 2015
DEPOSITS [Abstract]  
DEPOSITS
NOTE 7 – DEPOSITS

Deposits at year-end were as follows (dollars in thousands):

   
2015
   
2014
 
Noninterest-bearing demand
 
$
477,032
   
$
404,143
 
Interest bearing demand
   
358,306
     
340,053
 
Savings and money market accounts
   
512,980
     
442,246
 
Certificates of deposit
   
87,194
     
119,883
 
   
$
1,435,512
   
$
1,306,325
 

The following table depicts the maturity distribution of certificates of deposit at December 31, 2015 (dollars in thousands):
 
2016
 
$
59,436
 
2017
   
14,157
 
2018
   
9,828
 
2019
   
2,639
 
2020
   
1,134
 
Thereafter
   
---
 
   
$
87,194
 

Approximately $32.8 million and $50.1 million in certificates of deposit were in denominations of $100,000 or more at December 31, 2015 and 2014, respectively.