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Deposit Accounts
 12 Months Ended
Mar. 31, 2012
Deposit Accounts:  
Deposit Accounts

 

10.  

DEPOSIT ACCOUNTS

 

Deposit accounts consisted of the following (dollars in thousands):

 

Account Type

Weighted

Average

Rate

 

 

 

March 31,

2012

 

Weighted

Average

Rate

 

 

 

March 31,

2011

 

Non-interest-bearing

0.00

%

 

$

116,882

 

0.00

%

 

$

102,429

 

Interest checking

0.23

 

 

 

106,904

 

0.18

 

 

 

77,399

 

Money market

0.34

 

 

 

244,919

 

0.60

 

 

 

236,321

 

Savings accounts

0.25

 

 

 

45,741

 

0.35

 

 

 

37,231

 

Certificates of deposit

0.99

 

 

 

230,009

 

1.30

 

 

 

263,150

 

Total

0.47

%

 

$

744,455

 

0.71

%

 

$

716,530

 

 

The weighted average rate is based on interest rates at the end of the year.

 

Certificates of deposit in amounts of $100,000 or more totaled $142.0 million and $165.1 million at March 31, 2012 and 2011, respectively.

 

Interest expense by deposit type was as follows (in thousands):

 

 

Year Ended March 31,

 

 

2012

 

2011

 

2010

 

Interest checking

$

281

 

$

239

 

$

331

 

Money market

 

1,049

 

 

1,846

 

 

2,360

 

Savings accounts

 

124

 

 

160

 

 

162

 

Certificate of deposit

 

2,903

 

 

4,324

 

 

6,782

 

Total

$

4,357

 

$

6,569

 

$

9,635