Note 8 - Deposits

12 Months Ended

Dec. 31, 2018

Notes to Financial Statements

Deposit Liabilities Disclosures [Text Block]

8. Deposits

The following table summarizes the Corporation’s deposits as of

December 31:

(Dollar amounts in thousands)	2018								2017
	Weighted								Weighted
Type of accounts	average rate			Amount		Percent			average rate			Amount		Percent
Non-interest bearing deposits		—		$	148,893		19.6	%		—		$	126,263		19.3	%
Interest bearing demand deposits		0.52	%		391,054		51.4	%		0.44	%		357,693		54.6	%
Time deposits		1.84	%		221,599		29.1	%		1.58	%		170,687		26.1	%
Total		0.80	%	$	761,546		100.0	%		0.65	%	$	654,643		100.0	%

Scheduled maturities of time deposits for the next

five

years and thereafter are as follows:

(Dollar amounts in thousands)	Amount		%
2019	$	71,493		32.3	%
2020		47,799		21.5	%
2021		42,734		19.3	%
2022		11,588		5.2	%
2023		33,410		15.1	%
Thereafter		14,575		6.6	%
Total	$	221,599		100.0	%

The Corporation had a total of

$61.2

 million and

$39.0

million in time deposits of

$250,000

or more at

December 

31,

2018

 and

2017,

respectively. Scheduled maturities of time deposits of

$250,000

or more at

December 

31,

2018

 are as follows:

(Dollar amounts in thousands)	Amount
Three months or less	$	4,367
Over three months to six months		3,891
Over six months to twelve months		9,183
Over twelve months		43,744
Total	$	61,185