Deposits

Deposits : At December 31, 2013, the scheduled maturities of certificates of deposit (excluding Alaska CD’s, which do not have scheduled maturities) are as follows:



(In Thousands)
2014		$55,355
2015	17,187
2016	12,855
2017	721
2018	107
Thereafter	—
Total		$86,225

The Company is a member of the Certificate of Deposit Account Registry System (“CDARS”) which is a network of over 3,000 banks throughout the United States. The CDARS system was founded in 2003 and allows participating banks to exchange FDIC insurance coverage so that 100% of the balance of their customers’ certificates of deposit are fully subject to FDIC insurance. The system also allows for investment of banks’ own investment dollars in the form of domestic certificates of deposit. The Company had $0 and $155,000 in CDARS certificates of deposits at December 31, 2013 and 2012, respectively.

At December 31, 2013 and 2012, the Company did not hold any certificates of deposit from a public entity collateralized by letters of credit issued by the Federal Home Loan Bank. At December 31, 2013 and 2012, the Company did not have any securities pledged to collateralize certificates of deposit from a public entity.

At December 31, 2013 and 2012, the Company held $12.5 million and $11.4 million, respectively, in deposits for related parties, including directors, executive officer, and their affiliates.

Interest expense: Interest expense on deposits is presented below:



(In Thousands)	2013		2012		2011
Interest-bearing demand accounts		$54		$73		$111
Money market accounts	338		432		591
Savings accounts	485		503		622
Certificates of deposit greater than $100,000	236		386		620
Certificates of deposit less than $100,000	128		288		782
Total		$1,241		$1,682		$2,726