Interest-Bearing Time Deposits

12 Months Ended

Dec. 31, 2014

Federal Home Loan Bank Advances and Interest-Bearing Time Deposits [Abstract]

Note 10: Interest-Bearing Time Deposits

Interest-bearing time deposits in denominations of $250,000 or more were $16.1 million on December 31, 2014, and $19.8 million on December 31, 2013. Certificates of Deposit obtained from brokers totaled approximately $8.2 million and $10.1 million at December 31, 2014 and 2013, respectively, and mature between 2015 and 2020.

At December 31, 2014, the scheduled maturities of time deposits were as follows:

($ in thousands)
2015	$	68,354
2016		39,040
2017		30,810
2018		11,080
2019		13,028
Thereafter		989

	$	163,301

Included in time deposits at December 31, 2014 and 2013 were $29.2 million and $25.4 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.

- 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.

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