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Deposits - (Tables)
12 Months Ended
Dec. 31, 2016
Deposits [Abstract]  
Summary of Time Deposits Based Upon Contractual Maturity

The following table summarizes the Company’s time deposits, based upon contractual maturity, at December 31, 2016 and 2015, by remaining maturity:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2016

 

December 31, 2015

 

    

 

 

    

Weighted

    

 

 

    

Weighted

 

 

 

 

 

Average

 

 

 

 

Average

 

 

Balance

 

Rate

 

Balance

 

 Rate

Three months or less

 

$

200,054

 

0.59%

 

$

214,724

 

0.53%

Over 3 months through 6 months

 

 

205,875

 

0.70%

 

 

200,771

 

0.52%

Over 6 months through 12 months

 

 

382,852

 

0.76%

 

 

391,750

 

0.68%

Over 12 months through 24 months

 

 

244,135

 

0.90%

 

 

271,353

 

0.81%

Over 24 months through 36 months

 

 

76,865

 

1.32%

 

 

65,306

 

1.25%

Over 36 months through 48 months

 

 

50,921

 

1.44%

 

 

36,955

 

1.39%

Over 48 months through 60 months

 

 

7,303

 

1.32%

 

 

7,942

 

1.08%

Thereafter

 

 

4,041

 

1.19%

 

 

5,082

 

1.48%

Total time deposits

 

$

1,172,046

 

0.82%

 

$

1,193,883

 

0.72%

 

Schedule of Interest Expense on Deposits

The Company incurred interest expense on deposits as follows during the periods indicated:

 

 

 

 

 

 

 

 

 

 

 

 

 

For the years ended December 31, 

 

    

2016

    

2015

    

2014

Interest bearing demand deposits

 

$

369

 

$

315

 

$

317

Money market accounts

 

 

3,600

 

 

3,372

 

 

3,467

Savings accounts

 

 

1,016

 

 

837

 

 

539

Time deposits

 

 

8,978

 

 

9,085

 

 

9,797

Total

 

$

13,963

 

$

13,609

 

$

14,120