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Note 11 - Deposits
12 Months Ended
Dec. 31, 2015
Disclosure Text Block [Abstract]  
Deposit Liabilities Disclosures [Text Block]

Note 11 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, 2015, 2014 and 2013.


   

2015

   

2014

   

2013

 

(dollars in thousands)

         

Average

           

Average

           

Average

 
   

Balance

   

Rate

   

Balance

   

Rate

   

Balance

   

Rate

 

Noninterest bearing demand

  $ 1,405,067       -     $ 1,175,799       -     $ 849,409       -  

Interest bearing transaction

    178,797       0.16 %     143,628       0.13 %     118,580       0.26 %

Savings and money market

    2,835,325       0.34 %     2,302,600       0.32 %     1,811,088       0.35 %

Time, $100,000 or more

    406,570       0.77 %     393,132       0.68 %     203,706       0.88 %

Other time

    332,685       0.74 %     295,609       0.70 %     242,631       0.54 %

Total

  $ 5,158,444             $ 4,310,768             $ 3,225,414          

The remaining maturity of time deposits at December 31, 2015, 2014 and 2013 are as follows:


(dollars in thousands)

 

2015

   

2014

   

2013

 

Three months or less

  $ 88,483     $ 104,482     $ 82,790  

More than three months through six months

    123,789       106,861       109,101  

More than six months through twelve months

    234,684       182,187       118,646  

Over twelve months

    292,299       295,211       135,800  

Total

  $ 739,255     $ 688,741     $ 446,337  

Interest expense on deposits for the years ended December 31, 2015, 2014 and 2013 is as follows:


(dollars in thousands)

 

2015

   

2014

   

2013

 

Interest bearing transaction

  $ 291     $ 178     $ 298  

Savings and money market

    8,185       6,265       5,765  

Time, $100,000 or more

    5,019       2,830       2,080  

Other time

    848       365       2,471  

Total

  $ 14,343     $ 9,638     $ 10,614  

Related Party Deposits totaled $57 million, $71 million, and $71 million at December 31, 2015, 2014, and 2013, respectively.


As of December 31, 2015 and December 31, 2014, time deposit accounts in excess of $250 thousand totaled $180.1 million and $138.6, respectively.