Note 8—Deposits


	September 30,
	2014					2013
			Weighted					Weighted
			Average					Average
	Amount		Rate			Amount		Rate
	(Dollars in thousands)
Demand deposits:
Non-interest bearing deposits	$	35,451		—		$	28,488		—
Interest bearing deposits		41,675		0.32	%		50,275		0.30	%
		77,126		0.17	%		78,763		0.19	%
Savings and club deposits		44,230		0.27	%		43,050		0.25	%
Certificates of deposit		105,426		1.17	%		90,499		1.37	%
	$	226,782		0.71	%	$	212,312		0.71	%

The scheduled maturities of certificates of deposit are as follows:


Years Ending September 30, (In thousands)
2015	$	54,238
2016		31,217
2017		14,849
2018		4,766
2019		356
	$	105,426

Interest expense on deposits consists of the following:


	Years Ended September 30,
	2014		2013
	(In thousands)
Demand deposits	$	135	$	166
Savings and club deposits		118		106
Certificates of deposit		1,229		1,200
	$	1,482	$	1,472

The aggregate amount of certificates of deposit with balances of $100,000 or more totaled approximately $60.2 million and $38.6 million at September 30, 2014 and 2013, respectively. Depositor’s accounts are insured by the FDIC up to the standard maximum deposit insurance amount $250,000 for each deposit insurance ownership category.