Note 10 - Deposits

12 Months Ended

Dec. 31, 2017

Notes to Financial Statements

Deposit Liabilities Disclosures [Text Block]

10. DEPOSITS

Deposits are summarized as follows at

December

 

31

(in thousands):

	2017		2016
Checking accounts	$	717,869	$	724,137
Money market accounts		184,788		206,388
Savings accounts		162,448		164,653
Certificates of deposit		434,339		548,902
Total	$	1,499,444	$	1,644,080

Overdrafts of checking accounts of $

379,000

and

$389,000

at

December 31, 2017

and

2016,

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,

201

7

and

2016,

the Bank had

$17.7

million and

$37.1

million of brokered deposits, respectively.

The aggregate amount of time deposits in denominations of

$100

thousand or more was approximately $

216.0

million and

$298.3

million at

December 

31,

2017

and

2016,

respectively. The aggregate amount of time deposits in denominations of

$250

thousand or more was approximately

$77.3

million and

$120.4

million at

December 31, 2017

and

2016,

respectively.

At

December

 

31,

2017,

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

Years Ending December 31	Amount
2018	$	285,203
2019		77,707
2020		32,705
2021		17,743
202 2		14,371
2023 and thereafter		6,610
Total	$	434,339

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

	Year Ended December 31
	2017			2016			2015
Interest bearing checking accounts	$	846		$	856		$	743
Money market accounts		821			790			449
Savings and certificate accounts		5,393			4,966			4,217
Early withdrawal penalties		(68	)		(97	)		(70	)
Total	$	6,992		$	6,515		$	5,339