Quarterly report pursuant to Section 13 or 15(d)

Deposits

v3.8.0.1
Deposits
3 Months Ended
Mar. 31, 2018
Banking And Thrift [Abstract]  
Deposits

NOTE 7. DEPOSITS

The following table sets forth the Company’s deposits by category:

 

 

 

March 31,

2018

 

 

December 31,

2017

 

 

 

(Dollars in thousands)

 

Noninterest-bearing demand deposits

 

$

178,457

 

 

$

176,726

 

Interest-bearing NOW accounts

 

 

9,475

 

 

 

7,318

 

Savings and money market accounts

 

 

226,356

 

 

 

243,173

 

Time deposits

 

 

426,675

 

 

 

408,151

 

Total deposits

 

$

840,963

 

 

$

835,368

 

Time deposits $100,000 and greater

 

$

331,619

 

 

$

314,102

 

Time deposits $250,000 and greater

 

 

87,216

 

 

 

82,816

 

Related party deposits (executive officers and directors)

 

 

15,953

 

 

 

13,914

 

 

The aggregate amount of overdraft demand deposits reclassified to loans was $25 thousand and $27 thousand at March 31, 2018 and December 31, 2017, respectively. The aggregate amount of maturities for time deposits for each of the five years following the latest balance sheet date totaled $283.0 million, $103.3 million, $21.7 million, $7.8 million and $10.8 million, respectively.