Note 5 — Deposits
Deposit account balances are summarized as follows as of December 31:
|
(in thousands) |
|
2016 |
|
|
2015 |
|
|
Non-interest bearing |
|
$ |
443,100 |
|
|
$ |
408,508 |
|
|
|
|
|
|
|
|
|
|
|
|
Interest bearing deposits: |
|
|
|
|
|
|
|
|
|
Interest bearing demand and savings |
|
|
654,541 |
|
|
|
580,233 |
|
|
Money market accounts |
|
|
169,369 |
|
|
|
144,668 |
|
|
Certificates of deposit under $100,000 |
|
|
83,258 |
|
|
|
98,569 |
|
|
Certificates of deposit $100,000 and over |
|
|
74,806 |
|
|
|
77,207 |
|
|
Total interest bearing deposits |
|
|
981,974 |
|
|
|
900,677 |
|
|
Total deposits |
|
$ |
1,425,074 |
|
|
$ |
1,309,185 |
|
Scheduled maturities for certificates of deposit are as follows for the years ending December 31:
|
(in thousands) |
|
Amount |
|
|
2017 |
|
$ |
90,838 |
|
|
2018 |
|
|
28,940 |
|
|
2019 |
|
|
12,584 |
|
|
2020 |
|
|
14,030 |
|
|
2021 and beyond |
|
|
11,672 |
|
|
|
|
$ |
158,064 |
|
Deposits held by affiliates were $7.8 million and $7.9 million as of December 31, 2016 and 2015, respectively.
|