Deposits

Deposits: At December 31, 2017, the scheduled maturities of certificates of deposit are as follows:



(In Thousands)
2018		$66,013
2019	19,462
2020	12,008
2021	353
2022	806
Thereafter	1,885
Total		$100,527

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, 2017 or 2016.

At December 31, 2017 and 2016, 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, 2017 and 2016, the Company did not have any securities pledged to collateralize certificates of deposit from a public entity.

At December 31, 2017 and 2016, the Company held $2.5 million, in deposits for related parties, including directors, executive officers, and their affiliates.

Interest expense: Interest expense on deposits is presented below:



(In Thousands)	2017		2016		2015
Interest-bearing demand accounts		$21		$67		$63
Money market accounts	472		418		404
Savings accounts	520		489		470
Certificates of deposit $100,000 and greater	358		707		754
Certificates of deposit less than $100,000	336		189		248
Total		$1,707		$1,870		$1,939