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Deposits
12 Months Ended
Dec. 31, 2011
Deposits [Abstract]  
Deposits

8. DEPOSITS

The following table sets forth the balance of the Company's deposits:

 

      AT DECEMBER 31,  
     2011      2010  
     (IN THOUSANDS)  

Demand:

     

Non-interest bearing

   $ 141,982       $ 127,870   

Interest bearing

     62,568         59,206   

Savings

     82,899         76,762   

Money market

     195,410         173,234   

Certificates of deposit in denominations of $100,000 or more

     43,762         50,808   

Other time

     289,799         313,336   
  

 

 

    

 

 

 

Total deposits

   $ 816,420       $ 801,216   
  

 

 

    

 

 

 

Interest expense on deposits consisted of the following:

 

      YEAR ENDED DECEMBER 31,  
     2011      2010      2009  
     (IN THOUSANDS)  

Interest bearing demand

   $ 153       $ 176       $ 256   

Savings

     256         397         530   

Money market

     1,063         1,622         2,437   

Certificates of deposit in denominations of $100,000 or more

     637         834         1,186   

Other time

     6,226         7,916         8,700   
  

 

 

    

 

 

    

 

 

 

Total interest expense

   $ 8,335       $ 10,945       $ 13,109   
  

 

 

    

 

 

    

 

 

 

The following table sets forth the balance of other time deposits and certificates of deposit of $100,000 or more as of December 31, 2011 maturing in the periods presented:

 

YEAR:

   OTHER TIME DEPOSITS      CERTIFICATES  OF
DEPOSIT
OF $100,000 OR MORE
 
     (IN THOUSANDS)  

2012

   $ 144,945       $ 36,353   

2013

     59,942         5,781   

2014

     22,734         828   

2015

     13,698         400   

2016

     9,112         400   

2017 and after

     39,368           
  

 

 

    

 

 

 

Total

   $ 289,799       $ 43,762   
  

 

 

    

 

 

 

The maturities on certificates of deposit greater than $100,000 or more as of December 31, 2011, are as follows:

 

      (IN THOUSANDS)  

MATURING IN:

  

Three months or less

   $ 6,453   

Over three through six months

     24,383   

Over six through twelve months

     5,517   

Over twelve months

     7,409   
  

 

 

 

Total

   $ 43,762