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Deposits
12 Months Ended
Dec. 31, 2011
Deposits

Note 9. Deposits

 

Major classifications of interest-bearing deposits are as follows:

 

    2011     2010     2009  
                   
NOW and SuperNOW   $ 24,039,056     $ 23,683,375     $ 22,353,053  
Money Market     18,084,117       16,710,611       15,284,223  
Savings     60,063,518       53,007,293       48,378,319  
Certificates of Deposit, $100,000 or more     31,414,705       30,885,936       31,576,905  
Other time deposits     105,003,802       102,101,454       108,957,638  
                         
    $ 238,605,198     $ 226,388,669     $ 226,550,138  

 

Interest expense on deposits is as follows:

 

    2011     2010     2009  
                   
NOW and SuperNOW   $ 28,819     $ 27,833     $ 27,702  
Money Market     54,006       66,840       57,280  
Savings     160,446       147,998       134,607  
Certificates of Deposit, $100,000 or more     558,538       734,355       1,063,174  
Other time deposits     2,236,531       2,719,605       3,654,519  
                         
    $ 3,038,340     $ 3,696,631     $ 4,937,282  

 

 

 

At December 31, 2011, the scheduled maturities of time deposits are approximately as follows:

 

    2011  
       
2012   $ 65,136,000  
2013     33,294,000  
2014     10,042,000  
2015     11,939,000  
2016     13,589,000  
2017 and thereafter     2,419,000  
         
    $ 136,419,000  

 

Deposit balances of executive officers and directors and their affiliated interests totaled approximately $2,053,000, $2,131,000, and $2,215,000 at December 31, 2011, 2010, and 2009, respectively.

 

The Bank had no brokered deposits at December 31, 2011, 2010, and 2009.