Note 7 – Deposits

The aggregate amount of time deposits with a minimum balance of $250,000 was $35.3 million at December 31, 2015 and $39.0 million at December 31, 2014.

Brokered deposits totaled $17.2 million and $18.7 million at December 31, 2015 and 2014, respectively. These brokered deposits represent reciprocal relationships established under the Certificate of Deposit Account Registry Service (CDARS™), whereby depositors can obtain FDIC insurance on deposits up to at least $50 million or more.

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


2016	$	102,687
2017		3,389
2018		915
2019		778
2020		849
	$	108,618

Deposit account overdrafts reported as loans totaled $38,000 and $53,000 at December 31, 2015 and December 31, 2014, respectively.

The Company has entered into deposit transactions with certain directors, principal officers and their affiliates (collectively referred to as “related party deposits”), all of which are under the same terms as other customers. The aggregate amount of these related party deposits was $5.5 million as of December 31, 2015.