Interest-bearing Deposits

12 Months Ended

Dec. 31, 2016

Banking and Thrift [Abstract]

Interest-bearing Deposits

Note 7: Interest-bearing Deposits

Interest-bearing deposits in denominations of $100,000 or more totaled $110,971,051 at December 31, 2016 and $90,889,042 at December 31, 2015.

The following table represents deposit interest expense by deposit type:

	December 31,
	2016		2015
Savings, NOW and Money Market	$	366,123	$	249,077
Certificates of deposit		659,109		852,185
Total deposit interest expense	$	1,025,232	$	1,101,262

At December 31, 2016, the scheduled maturities of time deposits are as follows:

2017	$	47,319,320
2018		14,869,536
2019		7,572,666
2020		5,387,756
2021		5,037,258
	$	80,186,536