DEPOSITS

12 Months Ended

Dec. 31, 2014

Deposits:

DEPOSITS

5. DEPOSITS

At December 31, 2014, 2013, and 2012 certificates of deposit of $100,000 or more totaled approximately $45,841,867, $52,516,487, and $40,903,886, respectively. Interest expense on these deposits was $184,900 in 2014, $191,794 in 2013, and $200,415 in 2012.

At December 31, 2014, the schedule maturities of certificates of deposit are as follows:

2015	$	59,449,639
2016		1,452,840
2017		373,510
2018		178,456
2019 and thereafter		366,890
	$	61,821,335

At December 31, 2014, deposits with a deficit balance of $58,364 were re-classified as other loans, compared to $64,985 at December 31, 2013.