Note 10 - Deposits

12 Months Ended

Dec. 31, 2014

Disclosure Text Block [Abstract]

Deposit Liabilities Disclosures [Text Block]

10. DEPOSITS

Deposits are summarized as follows at December 31 (in thousands):

	2014		2013
Checking accounts	$	576,034	$	127,764
Money market accounts		108,794		45,153
Savings accounts		115,375		30,150
Certificates of deposit		463,594		266,658
Total	$	1,263,797	$	469,725

Overdrafts of checking accounts of $540,000 and $188,000 at December 31, 2014 and 2013, respectively, have been reclassified for financial reporting and are reflected in net loans receivable on the consolidated statements of financial condition.

As of December 31, 2014 and 2013, the Bank had $22.2 million and $20.7 million of brokered deposits, respectively.

The aggregate amount of time deposits in denominations of $100 thousand or more was approximately $242.6 million and $138.6 million at December 31, 2014 and 2013, respectively.

At December 31, 2014, scheduled maturities of certificates of deposit were as follows (in thousands):

Years Ending December 31	Amount
2015	$	255,733
2016		63,000
2017		53,478
2018		49,282
2019		26,276
2020 and thereafter		15,825
Total	$	463,594

Interest expense on deposits consisted of the following (in thousands):

	Year Ended December 31
	2014			2013
Interest bearing checking accounts	$	468		$	280
Money market accounts		324			107
Savings and certificate accounts		3,795			3,000
Early withdrawal penalties		(49	)		(48	)
Total	$	4,538		$	3,339

FDIC insurance covers all deposit accounts, including checking and savings accounts, money market deposit accounts and certificates of deposit. The standard insurance amount is $250,000 per depositor, per insured bank, for each account ownership category.