Deposits

12 Months Ended

Dec. 31, 2016

Deposits [Abstract]

Deposits

Note 5 - Deposits

The components of deposits at December 31, 2016 and 2015 consist of the following:

	2016		2015
	(In Thousands)
Non-interest bearing	$	8,423	$	6,974
NOW accounts		29,725		28,751
Regular savings, tax escrow and demand clubs		26,655		27,306
Money market		30,123		21,029
Individual retirement accounts		6,975		8,252
Certificates of deposit		81,033		93,249
	$	182,934	$	185,561

As of December 31, 2016, individual retirement accounts and certificates of deposit have scheduled maturities as follows (in thousands):

2017	$	63,383
2018		18,931
2019		1,947
2020		2,029
2021		1,718
	$	88,008

The aggregate amount of time deposits, each with a minimum denomination of $250,000 was $7,746,000 and $11,100,000 at December 31, 2016 and 2015, respectively. Under the Dodd-Frank Act, deposit insurance per account owner is $250,000.

Interest expense on deposits for the years ended December 31, 2016 and 2015 is as follows:

	2016		2015
	(In Thousands)
NOW accounts	$	74	$	36
Regular savings and demand clubs		102		127
Money market		100		63
Individual retirement accounts		64		105
Certificates of deposit		1,096		921
	$	1,436	$	1,252