Note 10 - Deposits

12 Months Ended

Dec. 31, 2016

Notes to Financial Statements

Deposit Liabilities Disclosures [Text Block]

10. DEPOSITS

Deposits are summarized as follows at

December

 

31

(in thousands):

	2016		2015
Checking accounts	$	724,137	$	713,546
Money market accounts		206,388		220,589
Savings accounts		164,653		160,307
Certificates of deposit		548,902		513,241
Total	$	1,644,080	$	1,607,683

Overdrafts of checking accounts of

$389,000

and

$620,000

at

December

31,

2016

and

2015,

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,

2016

and

2015,

the Bank had

$37.1

million and

$22.0

million of brokered deposits, respectively.

The aggregate amount of time deposits in denominations of

$100

thousand or more was approximately

$298.3

million and

$254.9

million at

December

 

31,

2016

and

2015,

respectively. The aggregate amount of time deposits in denominations of

$250

thousand or more was approximately

$120.4

million and

$87.1

million at

December

31,

2016

and

2015,

respectively.

At

December

 

31,

2016,

scheduled maturities of certificates of deposit were as follows (in thousands):

Years Ending December 31	Amount
2017	$	363,338
2018		100,205
2019		40,595
2020		19,047
2021		17,497
2022 and thereafter		8,220
Total	$	548,902

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

	Year Ended December 31
	2016			2015			2014
Interest bearing checking accounts	$	856		$	743		$	468
Money market accounts		790			449			324
Savings and certificate accounts		4,966			4,217			3,795
Early withdrawal penalties		(97	)		(70	)		(49	)
Total	$	6,515		$	5,339		$	4,538