Deposits

12 Months Ended

Dec. 31, 2017

Deposits [Abstract]

Deposits

Note 6 - Deposits

The components of deposits at December 31, 2017 and 2016 consist of the following:

	2017		2016
	(In Thousands)
Non-interest bearing	$	8,385	$	8,423
NOW accounts		31,807		29,725
Regular savings, tax escrow and demand clubs		25,413		26,655
Money market		37,772		30,123
Individual retirement accounts		7,069		6,975
Certificates of deposit		106,245		81,033
	$	216,691	$	182,934

As of December 31, 2017, individual retirement accounts and certificates of deposit have scheduled maturities as follows (in thousands):

2018	$	55,737
2019		31,514
2020		20,067
2021		4,136
2022		1,860
	$	113,314

The aggregate amount of time deposits, each with a minimum denomination of $250,000 was $13,342,000 and $7,746,000 at December 31, 2017 and 2016, respectively. Under the Dodd-Frank Act, deposit insurance per account owner is $250,000.

Interest expense on deposits for the years ended December 31, 2017 and 2016 is as follows:

	2017		2016
	(In Thousands)
NOW accounts	$	89	$	74
Regular savings and demand clubs		103		102
Money market		284		100
Individual retirement accounts		75		64
Certificates of deposit		1,260		1,096
	$	1,811	$	1,436