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Deposits

12 Months Ended

Dec. 31, 2011

Deposits [Abstract] {1}

Note 9: Deposits

Deposits at December 31, 2011 and 2010 are summarized as follows:

	Weighted Average
	Interest Rate		2011		2010
			(In Thousands, Except
			Interest Rates)

Noninterest-bearing accounts	—		$330,813		$257,569
Interest-bearing checking and
savings accounts	0.61% - 0.83%		1,363,727		1,038,620

			1,694,540		1,296,189

Certificate accounts	0% - 1.99%		1,060,841		838,619
	2% - 2.99%		158,696		298,029
	3% - 3.99%		17,228		28,398
	4% - 4.99%		26,526		126,001
	5% and above		5,708		8,657

			1,268,999		1,299,704

			$2,963,539		$2,595,893

The weighted average interest rate on certificates of deposit was 1.29% and 1.85% at December 31, 2011 and 2010, respectively.

The aggregate amount of certificates of deposit originated by the Bank in denominations greater than $100,000 was approximately $446.2 million and $395.8 million at December 31, 2011 and 2010, respectively. The Bank utilizes brokered deposits as an additional funding source. The aggregate amount of brokered deposits, which are primarily in denominations of $100,000 or more, was approximately $264.6 million and $363.3 million at December 31, 2011 and 2010, respectively.

At December 31, 2011, scheduled maturities of certificates of deposit were as follows:

	Retail		Brokered		Total
	(In Thousands)

2012	$721,751		$251,708		$973,459
2013	184,955		11,891		196,846
2014	33,475		968		34,443
2015	31,209		—		31,209
2016	20,172		—		20,172
Thereafter	12,870		—		12,870

	$1,004,432		$264,567		$1,268,999

A summary of interest expense on deposits for the years ended December 31, 2011, 2010 and 2009 is as follows:

	2011		2010		2009
	(In Thousands)

Checking and savings accounts	$7,975		$8,468		$6,600
Certificate accounts	18,467		30,065		47,592
Early withdrawal penalties	(72)		(106)		(105)

	$26,370		$38,427		$54,087

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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