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Note 8 - Deposits | 12 Months Ended
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Dec. 31, 2014
Disclosure Text Block [Abstract] |
Deposit Liabilities Disclosures [Text Block] | 8. Deposits Total deposits at December 31, 2014 and 2013, and the weighted average rate on deposits at December 31, 2014, are as follows:
|  | 2014 |  |  | 2013 |  |  | Weighted Average Rate 2014 |
|  | (Dollars in thousands) |
Interest-bearing deposits: |  |  |  |  |  |  |  |  |
Certificate of deposit accounts |  | $ | 1,305,823 |  |  | $ | 1,120,955 |  |  |  | 1.65 | %
Savings accounts |  |  | 261,942 |  |  |  | 265,003 |  |  |  | 0.38 |
Money market accounts |  |  | 290,263 |  |  |  | 199,907 |  |  |  | 0.32 |
NOW accounts |  |  | 1,359,057 |  |  |  | 1,416,774 |  |  |  | 0.45 |
Total interest-bearing deposits |  |  | 3,217,085 |  |  |  | 3,002,639 |  |  |  |  |
Non-interest bearing demand deposits |  |  | 255,834 |  |  |  | 197,343 |  |  |  |  |
Total due to depositors |  |  | 3,472,919 |  |  |  | 3,199,982 |  |  |  |  |
Mortgagors' escrow deposits |  |  | 35,679 |  |  |  | 32,798 |  |  |  | 0.09 |
Total deposits |  | $ | 3,508,598 |  |  | $ | 3,232,780 |  |  |  |  |
The aggregate amount of time deposits with denominations of $250,000 or more (excluding brokered deposits issued in $1,000.00 amounts under a master certificate of deposit) was $109.6 million and $75.6 million at December 31, 2014 and 2013, respectively. The aggregate amount of brokered deposits was $763.9 million and $517.4 million at December 31, 2014 and 2013, respectively. Deposits obtained from the governmental division are collateralized by either securities or letters of credit issued by FHLB-NY or are placed in an Insured Cash Sweep service (“ICS”). The letters of credit are collateralized by mortgage loans pledged by the Bank. At December 31, 2014, government deposits totaled $891.9 million, of which $94.0 million were ICS deposits and $797.9 million were collateralized by $379.3 million in securities and $499.1 million of letters of credit. At December 31, 2013, there were $407.4 million in securities and $517.8 million of letters of credit pledged as collateral for $867.1 million in government deposits. Interest expense on deposits is summarized as follows for the years ended December 31:
|  | 2014 |  |  | 2013 |  |  | 2012 |
|  | (In thousands) |
Certificate of deposit accounts |  | $ | 22,420 |  |  | $ | 24,414 |  |  | $ | 32,983 |
Savings accounts |  |  | 597 |  |  |  | 515 |  |  |  | 689 |
Money market accounts |  |  | 667 |  |  |  | 294 |  |  |  | 399 |
NOW accounts |  |  | 6,227 |  |  |  | 6,777 |  |  |  | 6,275 |
Total due to depositors |  |  | 29,911 |  |  |  | 32,000 |  |  |  | 40,346 |
Mortgagors' escrow deposits |  |  | 133 |  |  |  | 37 |  |  |  | 36 |
Total interest expense on deposits |  | $ | 30,044 |  |  | $ | 32,037 |  |  | $ | 40,382 |
Scheduled remaining maturities of certificate of deposit accounts are summarized as follows for the years ended December 31:
|  | 2014 |  |  | 2013 |
|  | (In thousands) |
Within 12 months |  | $ | 455,295 |  |  | $ | 459,016 |
More than 12 months to 24 months |  |  | 269,840 |  |  |  | 318,215 |
More than 24 months to 36 months |  |  | 229,931 |  |  |  | 158,050 |
More than 36 months to 48 months |  |  | 176,876 |  |  |  | 51,508 |
More than 48 months to 60 months |  |  | 148,424 |  |  |  | 108,489 |
More than 60 months |  |  | 25,457 |  |  |  | 25,677 |
Total certificate of deposit accounts |  | $ | 1,305,823 |  |  | $ | 1,120,955 |

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- Definition The entire disclosure for deposit liabilities including data and tables. It may include a description of the entity's deposit liabilities, the aggregate amount of time deposits (including certificates of deposit) in denominations of $100,000 or more at the balance sheet date; the aggregate amount of any demand deposits that have been reclassified as loan balances, such as overdrafts, at the balance sheet date; deposits that are received on terms other than those in the normal course of business, the amount of accrued interest on deposit liabilities; securities, mortgage loans or other financial instruments that serve as collateral for deposits; for time deposits having a remaining term of more than one year, the aggregate amount of maturities for each of the five years following the balance sheet date; and the weighted average interest rate for all deposit liabilities held by the entity. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 405 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6479006&loc=d3e64164-112818 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03.12) -URI http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878 + Details
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