Annual report pursuant to Section 13 and 15(d)

DEPOSITS

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DEPOSITS
 12 Months Ended
Dec. 31, 2011
Banking and Thrift [Abstract]  
DEPOSITS

Note 7

DEPOSITS

 

Interest bearing deposits, by category, as of December 31, were as follows:

 

(Dollars in Thousands) 2011   2010  
NOW Accounts $ 828,990   $ 770,149  
Money Market Accounts   276,910     275,416  
Savings Accounts   158,462     139,888  
Other Time Deposits   289,840     372,266  
    Total Interest Bearing Deposits $ 1,554,202   $ 1,557,719  

 

At December 31, 2011 and 2010, $2.4 million and $3.5 million, respectively, in overdrawn deposit accounts were reclassified as loans.

 

Deposits from certain directors, executive officers, and their related interests totaled $16.4 million and $23.0 million at December 31, 2011 and 2010, respectively.

 

Time deposits in denominations of $100,000 or more totaled $85.7 million and $130.7 million at December 31, 2011 and December 31, 2010, respectively.

 

At December 31, 2011, the scheduled maturities of time deposits were as follows:

 

(Dollars in Thousands)      
2012   $ 250,802  
2013     24,567  
2014     8,661  
2015     3,531  
2016 and thereafter     2,279  
Total   $ 289,840  

 

Interest expense on deposits for the three years ended December 31, was as follows:

 

(Dollars in Thousands) 2011   2010   2009  
NOW Accounts $ 890   $ 1,406   $ 1,039  
Money Market Accounts   437     1,299     1,288  
Savings Accounts   73     65     60  
Time Deposits < $100,000   1,958     4,602     5,362  
Time Deposits > $100,000   589     1,273     2,836  
Total $ 3,947   $ 8,645   $ 10,585