Quarterly report pursuant to Section 13 or 15(d)

DEPOSITS

v3.8.0.1
DEPOSITS
3 Months Ended
Mar. 31, 2018
DEPOSITS [Abstract]  
DEPOSITS
NOTE 6 – DEPOSITS

Deposits are summarized as follows (dollars in thousands):

   
March 31,
   
December 31,
 
   
2018
   
2017
 
Noninterest-bearing demand
 
$
453,993
   
$
490,583
 
Interest bearing demand
   
397,342
     
408,865
 
Savings and money market accounts
   
614,701
     
587,931
 
Certificates of deposit
   
94,836
     
91,631
 
   
$
1,560,872
   
$
1,579,010
 

Time deposits that exceed the FDIC insurance limit of $250,000 were approximately $23.9 million at March 31, 2018 and $25.0 million at December 31, 2017.