Interest-bearing Deposits

12 Months Ended

Dec. 31, 2015

Banking and Thrift [Abstract]

Interest-bearing Deposits

Note 7: Interest-bearing Deposits

Interest-bearing deposits in denominations of $100,000 or more totaled $90,889,042 at December 31, 2015 and $96,271,806 at December 31, 2014.

The following table represents deposit interest expense by deposit type:

	December 31,
	2015		2014
Savings, NOW and Money Market	$	249,077	$	257,214
Certificates of deposit		852,185		1,179,589
Total deposit interest expense	$	1,101,262	$	1,436,803

At December 31, 2015, the scheduled maturities of time deposits are as follows:

2016	$	41,313,282
2017		18,208,957
2018		7,123,985
2019		6,559,638
2020		5,848,662
	$	79,054,524