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Deposits
9 Months Ended
Sep. 30, 2018
Banking and Thrift [Abstract]  
Deposits

NOTE 6 – DEPOSITS

The composition of deposits is summarized below:

 

     September 30,
2018
     December 31,
2017
 
     (in thousands)  

Non-interest bearing checking

   $ 59,973      $ 62,817  

Interest bearing checking

     26,755        26,649  

Money market

     61,485        55,016  

Statement savings

     56,559        58,566  

Certificates of deposit

     187,524        186,243  
  

 

 

    

 

 

 

Total

   $ 392,296      $ 389,291  
  

 

 

    

 

 

 

The Bank held $11,455 and $14,892 in certificates of deposit which met or exceeded the FDIC insurance limit of $250 as of September 30, 2018 and December 31, 2017, respectively.

The scheduled maturities of certificates of deposit are presented below:

 

     September 30,
2018
 
     (in thousands)  

2018

   $ 30,731  

2019

     83,331  

2020

     58,984  

2021

     12,567  

2022

     1,432  

Thereafter

     479  
  

 

 

 

Total

   $ 187,524