Deposits

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



(In Thousands)
2017		$97,675
2018	25,885
2019	6,610
2020	935
2021	424
Thereafter	186
Total		$131,715

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 no CDARS certificates of deposits at December 31, 2016 and 2015, respectively.

At December 31, 2016 and 2015, the Company did not hold any certificates of deposit from a public entity collateralized by letters of credit issued by the FHLB. At December 31, 2016 and 2015, the Company did not have any securities pledged to collateralize certificates of deposit from a public entity.

At December 31, 2016 and 2015, the Company held $2.5 million and $3.4 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)	2016		2015		2014
Interest-bearing demand accounts		$67		$63		$59
Money market accounts	418		404		388
Savings accounts	489		470		511
Certificates of deposit $100,000 and greater	707		754		292
Certificates of deposit less than $100,000	189		248		169
Total		$1,870		$1,939		$1,419