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Note 9 - Deposits
12 Months Ended
Dec. 31, 2014
Disclosure Text Block [Abstract]  
Deposit Liabilities Disclosures [Text Block]

Note 9 Deposits


The following table provides information regarding the Bank’s deposit composition and shows the average rate being paid on the interest bearing deposits at December 31, 2014, 2013 and 2012.


   

2014

   

2013

   

2012

 
(dollars in thousands)  

Balance

   

Average Rate

   

Balance

   

Average Rate

   

Balance

   

Average Rate

 

Noninterest bearing demand

  $ 1,175,799       -     $ 849,409       -     $ 881,390       -  

Interest bearing transaction

    143,628       0.13 %     118,580       0.26 %     113,813       0.34 %

Savings and money market

    2,302,600       0.32 %     1,811,088       0.35 %     1,374,869       0.48 %

Time, $100,000 or more

    393,132       0.68 %     203,706       0.88 %     232,875       1.12 %

Other time

    295,609       0.70 %     242,631       0.54 %     294,275       0.71 %

Total

  $ 4,310,768             $ 3,225,414             $ 2,897,222          

The remaining maturity of time deposits at December 31, 2014, 2013 and 2012 are as follows:


(dollars in thousands)

 

2014

   

2013

   

2012

 

Three months or less

  $ 104,482     $ 82,790     $ 102,022  

More than three months through six months

    106,861       109,101       88,156  

More than six months through twelve months

    182,187       118,646       104,122  

Over twelve months

    295,211       135,800       232,850  

Total

  $ 688,741     $ 446,337     $ 527,150  

Interest expense on deposits for the years ended December 31, 2014, 2013 and 2012 is as follows:


(dollars in thousands)

 

2014

   

2013

   

2012

 

Interest bearing transaction

  $ 178     $ 298     $ 289  

Savings and money market

    6,265       5,765       5,946  

Time, $100,000 or more

    2,830       2,080       2,729  

Other time

    365       2,471       3,093  

Total

  $ 9,638     $ 10,614     $ 12,057