Deposits

Deposits: At December 31, 2018, the scheduled maturities of certificates of deposit are as follows:



(In Thousands)
2019		$57,451
2020	47,071
2021	5,458
2022	710
2023	784
Thereafter	1,799
Total		$113,273

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, 2018 or 2017.

At December 31, 2018 and 2017, 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, 2018 and 2017, the Company did not have any securities pledged to collateralize certificates of deposit from a public entity.

At December 31, 2018 and 2017, the Company held $2.7 million and $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)	2018		2017		2016
Interest-bearing demand accounts		$8		$21		$67
Money market accounts	855		472		418
Savings accounts	744		520		489
Certificates of deposit $250,000 and greater	472		480		614
Certificates of deposit less than $250,000	228		214		282
Total		$2,307		$1,707		$1,870