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Note 8: Deposits

12 Months Ended

Dec. 31, 2013

Deposits at December 31, 2013 and 2012, are summarized as follows:

	Weighted Average
	Interest Rate	2013	2012
(In Thousands, Except Interest Rates)
Noninterest-bearing accounts	--	$522,805	$385,778
Interest-bearing checking and
savings accounts	0.20% - 0.33%	1,291,879	1,563,468
		1,814,684	1,949,246

Certificate accounts	0% - .99%	669,698	666,573
	1% - 1.99%	251,118	426,589
	2% - 2.99%	61,042	90,539
	3% - 3.99%	9,413	13,240
	4% - 4.99%	1,852	5,190
	5% and above	819	1,816
		993,942	1,203,947

		$2,808,626	$3,153,193

The weighted average interest rate on certificates of deposit was 0.69% and 1.00% at December 31, 2013 and 2012, respectively.

The aggregate amount of certificates of deposit originated by the Bank in denominations greater than $100,000 was approximately $345.1 million and $449.0 million at December 31, 2013 and 2012, respectively. The Bank utilizes brokered deposits as an additional funding source. The aggregate amount of brokered deposits was approximately $126.3 million and $119.1 million at December 31, 2013 and 2012, respectively.

At December 31, 2013, scheduled maturities of certificates of deposit were as follows:

	Retail	Brokered	Total
(In Thousands)
2014	$569,543	$72,594	$642,137
2015	150,042	28,684	178,726
2016	54,267	25,000	79,267
2017	56,112	--	56,112
2018	31,919	--	31,919
Thereafter	5,781	--	5,781

	$867,664	$126,278	$993,942

A summary of interest expense on deposits for the years ended December 31, 2013, 2012 and 2011, is as follows:

	2013	2012	2011
(In Thousands)
Checking and savings accounts	$3,551	$7,087	$7,976
Certificate accounts	8,871	13,715	18,467
Early withdrawal penalties	(76)	(82)	(73)

	$12,346	$20,720	$26,370

- 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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