DEPOSITS

12 Months Ended

Dec. 31, 2016

Deposits:

DEPOSITS

8. DEPOSITS

At December 31, 2016 and 2015, certificates of deposit of $250,000 or more totaled approximately $15,822,136 and $25,896,768, respectively.

At December 31, 2016, the scheduled maturities of certificates of deposit are as follows:

2017	$	41,020,714
2018		1,242,741
2019		516,921
2020		472,367
2021 and thereafter		588,514
	$	43,841,257

At December 31, 2016, deposits with a deficit balance of $24,963 were re-classified as other loans, compared to $121,331 at December 31, 2015.