Note 7 - Deposits
 12 Months Ended
Dec. 31, 2016
Notes to Financial Statements  
Deposit Liabilities Disclosures [Text Block]
Note
7
.
DEPOSITS
 
The following table summarizes deposits at
December
 
31,
2016
and
2015:
 
 
 
December 31,
 
(in thousands)
 
2016
 
 
2015
 
Demand (non-interest bearing)
  $
173,702
    $
154,531
 
Interest-bearing:
                
Interest-bearing demand
    
551,114
     
364,303
 
Savings
    
103,241
     
92,890
 
Time ($250,000 and over)
    
35,917
     
30,290
 
Other time
    
151,165
     
179,532
 
Total interest-bearing
    
841,437
     
667,015
 
Total deposits
   $
1,015,139
    $
821,546
 
 
The aggregate amount of deposits reclassified as loans was
$80
thousand at
December
31,
2016
and
$69
thousand at
December
31,
2015.
Management evaluates transaction accounts that are overdrawn for collectability as part of its evaluation for credit losses. During
2016
and
2015,
no
deposits were received on terms other than those available in the normal course of business.
 
The following table summarizes scheduled maturities of time deposits, including certificates of deposit and individual retirement accounts, at
December
31,
2016:
 
 
 
Time Deposits
 
 
 
 
 
 
 
 
 
 
 
$250,000
 
 
Other
 
 
 
 
 
(in thousands)
 
and Over
 
 
Time Deposits
 
 
Total
 
2017
   $
25,137
    $
99,187
    $
124,324
 
2018
    
7,015
     
30,559
     
37,574
 
2019
    
3,111
     
6,856
     
9,967
 
2020
    
254
     
8,068
     
8,322
 
2021
    
400
     
6,445
     
6,845
 
2022 and thereafter
    
-
     
50
     
50
 
Total
   $
35,917
    $
151,165
    $
187,082
 
 
Investment securities with a carrying value of
$271.3
million and
$252.4
million at
December
31,
2016
and
2015,
respectively, were pledged to collateralize certain municipal deposits. In addition, FNCB had outstanding letters of credit with the FHLB to secure municipal deposits of
$75.0
million at
December
31,
2016.
There were
no
outstanding letters of credit with the FHLB to secure municipal deposits at
December
31,
2015.