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Note 6 - Deposits

9 Months Ended

Sep. 30, 2014

Disclosure Text Block [Abstract]

Deposit Liabilities Disclosures [Text Block]

6.	DEPOSITS

Our total deposits at September 30, 2014 totaled $2.27 billion compared to $1.12 billion at December 31, 2013, an increase of $1.15 billion, or 103.0%. A vast majority of the increase reflects the consummation of the merger with Firstbank effective June 1, 2014. The components of our outstanding balances at September 30, 2014 and December 31, 2013, and percentage change in deposits from the end of 2013 to the end of the third quarter of 2014, are as follows:

		September 30, 2014								December 31, 2013								Percent Increase
		Balance					%			Balance					%			(Decrease)

Noninterest-bearing checking		$	535,101,000				23.5	%		$	224,580,000				20.1	%			138.3	%
Interest-bearing checking			403,600,000				17.8				197,388,000				17.6				104.5
Money market			241,365,000				10.6				133,369,000				11.9				81.0
Savings			334,343,000				14.7				52,606,000				4.7				535.6
Time, under $100,000			188,174,000				8.3				43,251,000				3.9				335.1
Time, $100,000 and over			385,830,000				17.0				254,600,000				22.8				51.5
			2,088,413,000				91.9				905,794,000				81.0				130.6

Out-of-area time, under $100,000			2,805,000				0.1				4,078,000				0.4				(31.2	)
Out-of-area time, $100,000 and over			180,490,000				8.0				209,039,000				18.6				(13.7	)
			183,295,000				8.1				213,117,000				19.0				(14.0	)

Total deposits		$	2,271,708,000				100.0	%		$	1,118,911,000				100.0	%			103.0	%

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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