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Deposits
 12 Months Ended
Dec. 31, 2012
Deposits and Capital Requirements [Abstract]  
Deposits
(7) Deposits

The scheduled maturities of total time deposits as of the years ended December 31, 2012 and 2011 are as follows:

 

                 

(in thousands)

   2012     2011  

Due within:

                

One year

   $ 280,477     $ 266,516  

Two years

     65,220       93,209  

Three years

     23,482       34,730  

Four years

     11,984       8,811  

Five years

     12,139       11,172  

Thereafter

     0       0  
   

 

 

    

 

 

  

Total

   $ 393,302     $ 414,438  
   

 

 

    

 

 

  

At December 31, 2012 and 2011, the Company had certificates and other time deposits in denominations of $100,000 or more which mature as follows:

 

                 

(in thousands)

   2012     2011  

Due within:

                

Three months or less

   $ 37,166     $ 52,274  

Over three months through six months

     18,690       16,017  

Over six months through twelve months

     33,265       32,291  

Over twelve months

     31,656       38,922  
   

 

 

    

 

 

  

Total

   $ 120,777     $ 139,504  
   

 

 

    

 

 

  

The Federal Reserve Bank required the Bank to maintain cash or balances of $1,367,000 and $1,335,000 at December 31, 2012 and 2011, respectively, to satisfy reserve requirements.

Average compensating balances held at correspondent banks were $1,595,000 and $489,000 at December 31, 2012 and 2011, respectively. The Bank maintains such compensating balances with correspondent banks to offset charges for services rendered by those banks.