Note 7 - Deposits |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2016 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Notes to Financial Statements | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Deposit Liabilities Disclosures [Text Block] |
Interest expense on time certificates of deposit of $250,000 or more in the year 2016 amounted to $156,000, as compared with $161,000 in 2015, and $287,000 in 2014. At December 31, 2016, the balance of time certificates of deposit of $250,000 or more was $16,708,000, as compared with $19,794,000 at December 31, 2015. The amount of time deposits with a remaining term of more than 1 year was $73,494,000 at December 31, 2016 and $86,697,000 at December 31, 2015. The following table shows the scheduled maturities of Certificates of Deposit as of December 31, 2016 (000s omitted):
Time certificates of deposit under $250,000 include $1,857,000 of brokered certificates of deposit as of December 31, 2016, and $3,608,000 as of December 31, 2015. The Bank did not $250,000 as of December 31, 2016 and December 31, 2015. |
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