DEPOSITS |
12 Months Ended | ||||||||||||||||||||||||||||||||
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Dec. 31, 2016 | |||||||||||||||||||||||||||||||||
| Deposit Liabilities [Abstract] | |||||||||||||||||||||||||||||||||
| DEPOSITS | DEPOSITS Time deposits that meet or exceed the Federal Deposit Insurance Corporation (the “FDIC”) Insurance limit of $250 thousand at December 31, 2016 and December 31, 2015 were $196.5 million and $164.7 million, respectively. Scheduled maturities of time deposits for the next five years are as follows (dollars in thousands):
The Company has $65.9 million and $56.5 million of brokered deposits; and there are no major concentrations of deposits with any one depositor at December 31, 2016 and 2015, respectively. Included in these amounts are reciprocal deposits that the Company has placed through the Certificates of Deposits Account Registry Service (CDARS) Network of $64.8 million and $55.5 million, at December 31, 2016 and 2015, respectively. Related party deposits from principal officers, directors and their affiliates at December 31, 2016 and 2015 were $14.8 million and $12.0 million, respectively. |
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