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6. Deposit Accounts

12 Months Ended

Jun. 30, 2013

6. Deposit Accounts

6. Deposit Accounts

Deposit accounts consist of the following:

					Weighted Average
					Interest Rates
	June 30,				June 30,
	2013		2012		2013		2012
Noninterest-bearing accounts	$60,828		$57,109		0.00%		0.00%
NOW accounts	195,659		173,574		0.11%		0.19%
Money market accounts	275,718		257,865		0.28%		0.39%
Savings accounts	82,158		347,669		0.19%		0.17%
Certificates of deposit	540,387		629,958		0.90%		1.22%
Total	$1,154,750		$1,466,175		0.52%		0.66%

Maturities of certificates of deposit are as follows:

	June 30, 2013			June 30, 2012
Within 1 year		$374,514			$445,111
1 year to 2 years		75,944			87,122
2 years to 3 years		44,097			36,276
3 years to 4 years		25,321			31,046
4 years to 5 years		20,511			30,403
Total		$540,387			$629,958

Certificates of deposit with balances of $100 or greater totaled $266,458 and $302,246 at June 30, 2013 and 2012, respectively. Generally, deposit amounts in excess of $250,000 are not federally insured.

Interest expense on deposits consists of the following:

		June 30,
			2013			2012			2011
NOW accounts			$212			$320			$457
Money market accounts			895			1,397			1,852
Savings accounts			199			314			508
Certificates of deposit			5,669			8,213			14,981
Total			$6,975			$10,244			$14,798

In December 2010, the Bank incurred a loss of approximately $4,500 related to a check kiting scheme by one of its customers. This loss is included in other expense on the consolidated statements of income for June 30, 2011.

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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