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Deposits | 12 Months Ended
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Dec. 31, 2011
Deposits [Abstract] |
Deposits | (11) Deposits The aggregate amount of overdrawn deposit accounts reclassified as loan balances totaled $147,398 and $250,200 as of December 31, 2011 and 2010, respectively. Components of interest-bearing deposits as of December 31 are as follows:
|  | 2011 |  |  | 2010 |
Interest-Bearing Demand |  | $ | 284,870,972 |  |  | $ | 235,855,037 |
Savings |  |  | 41,230,662 |  |  |  | 36,629,698 |
Time, $100,000 and Over |  |  | 247,589,188 |  |  |  | 298,009,596 |
Other Time |  |  | 332,025,539 |  |  |  | 385,670,250 |
|  | $ | 905,716,361 |  |  | $ | 956,164,581 |
At December 31, 2011 and 2010, the Company had brokered deposits of $28,157,961 and $36,328,659, respectively. Of the brokered deposits at December 31, 2011 and 2010, $28,157,961 and $31,128,659 represented Certificate of Deposits Account Registry Service (CDARS) reciprocal deposits in which customers placed core deposits into the CDARS program for FDIC insurance coverage and the Company received reciprocal brokered deposits in a like amount. Thus, brokered deposits less the reciprocal deposits totaled $0 and $5,200,000 at December 31, 2011 and 2010, respectively. The aggregate amount of short-term jumbo certificates of deposit, each with a minimum denomination of $100,000, was approximately $190,876,500 and $216,656,200 as of December 31, 2011 and 2010, respectively. As of December 31, 2011, the scheduled maturities of certificates of deposit are as follows:
Year |  | Amount |
2012 |  | $ | 428,602,577 |
2013 |  |  | 117,066,000 |
2014 |  |  | 20,552,850 |
2015 |  |  | 8,382,521 |
2016 and Thereafter |  |  | 5,010,779 |
|  | $ | 579,614,727 |

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- 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. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Statement of Position (SOP) -Number 01-6 -Paragraph 14 -Subparagraph e -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03.12) -URI http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 405 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6479006&loc=d3e64164-112818 + Details
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