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Deposits
12 Months Ended
Dec. 31, 2011
Deposits and Regulatory Capital Requirements and Restrictions [Abstract]  
Deposits
Note 7. Deposits

The following is a summary of interest-bearing deposits by type at December 31, 2011 and 2010:

 

                 
    2011     2010  
(Amounts in thousands)            

Interest-bearing demand deposits

  $ 275,156     $ 262,420  

Money market accounts

    167,379       217,362  

Savings deposits

    227,328       209,185  

Certificates of deposit

    528,735       619,776  

Individual retirement accounts

    104,601       107,061  
   

 

 

   

 

 

 

Total

  $ 1,303,199     $ 1,415,804  
   

 

 

   

 

 

 

 

At December 31, 2011, the scheduled maturities of time deposits were as follows:

 

         
    Amount  
(Amounts in thousands)      

2012

  $ 355,840  

2013

    103,948  

2014

    41,699  

2015

    98,495  

2016 and thereafter

    33,354  
   

 

 

 
    $ 633,336  
   

 

 

 

Time deposits of $100 thousand or more were $289.61 million and $332.09 million at December 31, 2011 and 2010, respectively. At December 31, 2011, the scheduled maturities of certificates of deposit of $100 thousand or more were as follows:

 

         
    Amount  
(Amounts in thousands)      

Three months or less

  $ 50,515  

Over three to six months

    66,328  

Over six to twelve months

    46,860  

Over twelve months

    125,910  
   

 

 

 

Total

  $ 289,613  
   

 

 

 

Related Party Deposits

Included in total deposits were deposits by related parties of $3.84 million and $17.11 million at December 31, 2011 and 2010, respectively. During 2011, $1.29 million in new deposits and increases were made while decreases on such deposits to officers and directors totaled $14.57 million. Changes in the composition of the Company’s subsidiary board members and executive officers resulted in decreases of $2.11 million.