Annual report pursuant to Section 13 and 15(d)

DEPOSITS

v2.4.0.8
DEPOSITS
 12 Months Ended
Dec. 31, 2013
Banking and Thrift [Abstract]  
DEPOSITS

Note 6

DEPOSITS

 

The composition of the Company's interest bearing deposits at December 31 was follows:

 

(Dollars in Thousands)   2013   2012
NOW Accounts   $ 794,746     $ 842,435  
Money Market Accounts     268,449       267,766  
Savings Deposits     211,668       184,541  
Other Time Deposits     219,922       241,019  
    Total Interest Bearing Deposits   $ 1,494,785     $ 1,535,761  

 

At December 31, 2013 and 2012, $2.8 million and $7.1 million, respectively, in overdrawn deposit accounts were reclassified as loans.

 

Time deposits in denominations of $100,000 or more totaled $60.7 million and $63.1 million at December 31, 2013 and December 31, 2012, respectively.

 

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

 

(Dollars in Thousands)   2013
2014   $ 189,596  
2015     19,548  
2016     6,478  
2017     2,675  
2018 and thereafter     1,625  
Total   $ 219,922  

 

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

 

(Dollars in Thousands)   2013   2012   2011
NOW Accounts   $ 483     $ 634     $ 890  
Money Market Accounts     211       255       437  
Savings Deposits     100       87       73  
Time Deposits < $100,000     505       912       1,958  
Time Deposits > $100,000     132       220       589  
Total   $ 1,431     $ 2,108     $ 3,947