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

Note 8—Deposits

Deposits are summarized as follows:

 

     December 31,  
     2011      2010  
     (In thousands)  

NOW account and other demand deposits

   $ 21,474       $ 23,780   

Non-interest bearing demand deposits

     17,741         22,610   

Money market deposits

     21,872         23,499   

Passbook

     37,084         40,373   

Certificates of deposit

     196,515         238,183   
  

 

 

    

 

 

 

Total

   $ 294,686       $ 348,445   
  

 

 

    

 

 

 

At December 31, 2011 and 2010, brokered deposits totaled $9.2 million and $18.2 million, respectively. As disclosed in Note 15, the Bank is not permitted to increase the amount of its brokered deposits beyond the amount of interest credited without prior notice of non-objection from the OCC.

Certificates of deposit of $100 thousand or more were $128.1 million and $160.0 million at year end 2011 and 2010.

Scheduled maturities of certificates of deposit for the next five years were as follows:

 

    Maturity    

   Amount  
     (In thousands)  

2012

   $ 117,297   

2013

     56,779   

2014

     14,791   

2015

     2,225   

2016

     5,292   

Thereafter

     131   
  

 

 

 
   $ 196,515