XML 89 R17.htm IDEA: XBRL DOCUMENT v2.4.0.6
Interest-Bearing Time Deposits
12 Months Ended
Dec. 31, 2012
Federal Home Loan Bank Advances and Interest-Bearing Time Deposits [Abstract]  
Interest-Bearing Time Deposits
 
Note 10:  
Interest-Bearing Time Deposits
 
Interest-bearing time deposits in denominations of $100,000 or more were $85.3 million on December 31, 2012, and $99.9 million on December 31, 2011.  Certificates of deposit obtained from brokers totaled approximately $5.9 million at both December 31, 2012 and 2011 and mature between 2013 and 2015.
 
At December 31, 2012, the scheduled maturities of time deposits were as follows:
 
($ in thousands)
     
2013
  $ 95,274  
2014
    53,386  
2015
    22,335  
2016
    12,070  
2017
    9,079  
Thereafter
    1,927  
         
    $ 194,071  
 
Included in time deposits at December 31, 2012 and 2011 were $28.1 million and $37.8 million, respectively, of deposits which were obtained through the Certificate of Deposit Account Registry Service (CDARS).  This service allows deposit customers to maintain fully insured balances in excess of the $250,000 FDIC limit without the inconvenience of having multi-banking relationships.  Under the reciprocal program that State Bank is currently participating in, customers agree to allow State Bank to place their deposits with other participating banks in the CDARS program in insurable amounts under $250,000.  In exchange, other banks in the program agree to place their deposits with State Bank also in insurable amounts under $250,000.