Annual report pursuant to Section 13 and 15(d)

DEPOSITS

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DEPOSITS
 12 Months Ended
Dec. 31, 2012
Banking and Thrift [Abstract]  
DEPOSITS

Note 6

DEPOSITS

 

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

 

(Dollars in Thousands)   2012   2011
NOW Accounts   $ 842,435     $ 828,990  
Money Market Accounts     267,766       276,910  
Savings Accounts     184,541       158,462  
Other Time Deposits     241,019       289,840  
     Total Interest Bearing Deposits   $ 1,535,761     $ 1,554,202  

 

At December 31, 2012 and 2011, $7.1 million and $2.4 million, respectively, in overdrawn deposit accounts were reclassified as loans.

 

Time deposits in denominations of $100,000 or more totaled $63.1 million and $85.7 million at December 31, 2012 and December 31, 2011, respectively.

 

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

 

(Dollars in Thousands)   2012
2013   $ 200,965  
2014     23,882  
2015     11,500  
2016     2,438  
2017 and thereafter     2,234  
Total   $ 241,019  

  

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

 

(Dollars in Thousands)   2012   2011   2010
NOW Accounts   $ 634     $ 890     $ 1,406  
Money Market Accounts     255       437       1,299  
Savings Accounts     87       73       65  
Time Deposits < $100,000     912       1,958       4,602  
Time Deposits > $100,000     220       589       1,273  
Total   $ 2,108     $ 3,947     $ 8,645