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Deposits (Tables)
 3 Months Ended
Mar. 31, 2018
Banking and Thrift [Abstract]  
Schedule of deposits
The following table summarizes total deposits at March 31, 2018 and December 31, 2017.
 
 
March 31,
 
December 31,
 
 
 
2018
 
2017
 
Deposits - interest bearing
 
$
16,497,006

 
$
15,504,330

 
Deposits - non-interest bearing
 
1,640

 
1,053

 
Total deposits
 
$
16,498,646

 
$
15,505,383

 
Interest bearing deposits
Interest bearing deposits at March 31, 2018 and December 31, 2017 are summarized as follows:
 
 
 
March 31, 2018
 
December 31, 2017
 
 
 
Amount
 
Qtr.-End Weighted Average Stated Rate(1)
 
Amount
 
Year-End Weighted Average Stated Rate(1)
 
 
 
 
 
 
 
 
 
 
 
Money market
 
$
8,107,996

 
2.01
%
 
$
7,731,966

 
1.80
%
 
Savings
 
681,024

 
1.40

 
738,243

 
1.10

 
Certificates of deposit
 
7,707,986

 
2.13

 
7,034,121

 
1.93

 
Deposits - interest bearing
 
$
16,497,006

 
 
 
$
15,504,330

 


 

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(1) Includes the effect of interest rate swaps in effective hedge relationships.