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Time Deposits and Related Party Deposits

12 Months Ended

Dec. 31, 2013

Notes to Financial Statements

Time Deposits and Related Party Deposits

Note 9. Time Deposits and Related Party Deposits

At December 31, 2013, the scheduled maturities of time deposits were as follows:

($ in thousands)

2014		$	740,020
2015			118,125
2016			79,513
2017			32,302
2018			18,248
Thereafter			2,390
		$	990,598

For the years ended December 31, 2013, 2012, and 2011, the Company recorded amortization of deposit premiums amounting to $30,000, $85,000 and $337,000, respectively, which reduced interest expense. The deposit premiums related to the Company’s acquisitions are discussed in Note 2. The Company has $7,000 remaining in unamortized deposit premiums at December 31, 2013.

Deposits received from executive officers and directors and their associates totaled approximately $29,128,000 and $30,542,000 at December 31, 2013 and 2012, respectively. These deposit accounts have substantially the same terms, including interest rates, as those prevailing at the time for comparable transactions with other non-related depositors.

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.

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