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

Note 9 – 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 16, 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