Deposits

Deposits : At December 31, 2014, the scheduled maturities of certificates of deposit (excluding Alaska CD’s, which do not have scheduled maturities) are as follows:



(In Thousands)
2015		$81,924
2016	36,930
2017	21,728
2018	481
2019	797
Thereafter	352
Total		$142,212

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 $1 million and $0 in CDARS certificates of deposits at December 31, 2014 and 2013, respectively.

At December 31, 2014 and 2013, 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, 2014 and 2013, the Company did not have any securities pledged to collateralize certificates of deposit from a public entity.

At December 31, 2014 and 2013, the Company held $5.4 million and $12.5 million, respectively, in deposits for related parties, including directors, executive officers, and their affiliates.

Interest expense: Interest expense on deposits is presented below:



(In Thousands)	2014		2013		2012
Interest-bearing demand accounts		$59		$54		$73
Money market accounts	388		338		432
Savings accounts	511		485		503
Certificates of deposit greater than $100,000	292		236		386
Certificates of deposit less than $100,000	169		128		288
Total		$1,419		$1,241		$1,682