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Note 8: Deposits

12 Months Ended

Dec. 31, 2012

Deposits at December 31, 2012 and 2011, are summarized as follows:

	Weighted Average
	Interest Rate	2012	2011
(In Thousands, Except Interest Rates)
Noninterest-bearing accounts	--	$385,778	$330,813
Interest-bearing checking and
savings accounts	0.33% - 0.61%	1,563,468	1,363,727
Total Demand Deposits		1,949,246	1,694,540

Certificate accounts	0.0% - 0.99%	666,573	432,778
	1% - 1.99%	426,589	628,063
	2% - 2.99%	90,539	158,696
	3% - 3.99%	13,240	17,228
	4% - 4.99%	5,190	26,526
	5% and above	1,816	5,708
Total certificates		1,203,947	1,268,999

Total Deposit Liabilities		$3,153,193	$2,963,539

The weighted average interest rate on certificates of deposit was 1.00% and 1.29% at December 31, 2012 and 2011, respectively.

The aggregate amount of certificates of deposit originated by the Bank in denominations greater than $100,000 was approximately $449.0 million and $446.2 million at December 31, 2012 and 2011, respectively. The Bank utilizes brokered deposits as an additional funding source. The aggregate amount of brokered deposits was approximately $119.1 million and $264.6 million at December 31, 2012 and 2011, respectively.

At December 31, 2012, scheduled maturities of certificates of deposit were as follows:

	Retail	Brokered	Total
(In Thousands)
2013	$793,096	$88,469	$881,565
2014	146,578	19,253	165,831
2015	58,622	1,372	59,994
2016	27,850	--	27,850
2017	53,713	10,000	63,713
Thereafter	4,994	--	4,994

Total	$1,084,853	$119,094	$1,203,947

A summary of interest expense on deposits for the years ended December 31, 2012, 2011 and 2010, is as follows:

	2012	2011	2010
(In Thousands)
Checking and savings accounts	$7,087	$7,976	$8,468
Certificate accounts	13,715	18,467	30,065
Early withdrawal penalties	(82)	(73)	(106)

Total	$20,720	$26,370	$38,427

- 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.

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