DEPOSITS

12 Months Ended

Dec. 31, 2015

Deposits:

DEPOSITS

8. DEPOSITS

At December 31, 2015 and 2014, certificates of deposit of $250,000 or more totaled approximately $25,896,768 and $32,363,615, respectively

At December 31, 2015, the schedule maturities of certificates of deposit are as follows:

2016	$	50,923,085
2017		2,697,984
2018		239,817
2019		440,276
2020 and thereafter		466,650
	$	54,767,812

At December 31, 2015, deposits with a deficit balance of $121,331 were re-classified as other loans, compared to $58,364 at December 31, 2014.