DEPOSITS
 12 Months Ended
Dec. 31, 2016
Deposits [Abstract]  
DEPOSITS

 

Note 11 – Deposits

The following table summarizes the classification of deposits as of December 31, 2016 and 2015 (in thousands):

 

 

 

 

 

 

 

 

 

    

2016

    

2015

 

Noninterest-bearing demand

 

$
562,333

 

$
543,401

 

Interest-bearing:

 

 

 

 

 

 

 

Checking

 

 
656,248

 

 
621,925

 

Money market

 

 
399,851

 

 
377,654

 

Savings

 

 
166,910

 

 
155,778

 

Time

 

 
619,024

 

 
668,890

 

Total deposits

 

$
2,404,366

 

$
2,367,648

 

 

Included in time deposits are time certificates of $250,000 or more and brokered certificates of deposits of $52.9 million and $218.7 million as of December 31, 2016, respectively, and $52.2 million and $222.3 million as of December 31, 2015, respectively.

Investment securities with a carrying amount of $75.3 million and $120.2 million were pledged for public deposits at December 31, 2016 and 2015, respectively. Standby letters of credit issued by the FHLB on our behalf of $68.0 million and $8.0 million were pledged for public deposits at December 31, 2016 and 2015, respectively.

As of December 31, 2016, the scheduled maturities of time deposits are as follows (in thousands):

 

 

 

 

 

 

    

Amount

 

Year ending December 31, 

 

 

 

 

2017

 

$
334,631

 

2018

 

 
213,568

 

2019

 

 
55,837

 

2020

 

 
6,288

 

2021

 

 
8,698

 

Thereafter

 

 
2

 

Total

 

$
619,024