Quarterly report pursuant to Section 13 or 15(d)

DEPOSITS

v3.5.0.2
DEPOSITS
6 Months Ended
Jun. 30, 2016
DEPOSITS [Abstract]  
DEPOSITS
NOTE 6 – DEPOSITS

Deposits are summarized as follows (in thousands):

   
June 30,
2016
   
December 31,
2015
 
Noninterest-bearing demand
 
$
451,644
   
$
477,032
 
Interest bearing demand
   
308,835
     
358,306
 
Savings and money market accounts
   
515,515
     
512,980
 
Certificates of deposit
   
79,084
     
87,194
 
   
$
1,355,078
   
$
1,435,512
 

Approximately $16.8 million and $17.1 million in certificates of deposit were in denominations of $250,000 or more at June 30, 2016 and December 31, 2015, respectively.