NOTE 8 - DEPOSITS

Time deposits of $250 thousand or more were $74.3 million and $61.2 million at year-end 2016 and 2015, respectively.

At December 31, 2016, the scheduled maturities of time deposits for the next five years are as follows (in thousands):



2017	$	140,877
2018		30,081
2019		11,118
2020		10,679
2021		9,806

Certain directors and executive officers of the Company and companies in whom they have beneficial ownership are deposit customers of the Bank. The amount of these deposits was approximately $5.8 million and $7.3 million at December 31, 2016 and 2015.