NOTE 8 - DEPOSITS

Time deposits of $250 thousand or more were $79.6 million and $74.3 million at year-end 2017 and 2016, respectively.

At December 31, 2017, the scheduled maturities of time deposits for the next five years are as follows (in thousands):


2018	$	133,042
2019		29,816
2020		13,065
2021		9,538
2022		8,670

Certain directors and executive officers of the Company and companies in whom they have beneficial ownership are deposit customers of the Bank. These deposits totaled approximately $2.9 million and $5.8 million at December 31, 2017 and 2016.