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Deposit Accounts (Tables)
12 Months Ended
Dec. 31, 2014
Deposit Accounts  
Schedule of components of deposit accounts and weighted average interest rates

 

 

 

2014

 

Weighted
Average
Interest Rate

 

2013

 

Weighted
Average
Interest Rate

 

 

 

(dollars in thousands)

 

Transaction accounts

 

 

 

 

 

 

 

 

 

Noninterest-bearing checking

 

$

456,754 

 

0.00 

%

$

366,755 

 

0.00 

%

Interest-bearing checking

 

131,635 

 

0.11 

%

120,886 

 

0.11 

%

Money market

 

526,256 

 

0.32 

%

427,577 

 

0.29 

%

Regular passbook

 

74,508 

 

0.14 

%

76,412 

 

0.14 

%

Total transaction accounts

 

1,189,153 

 

0.16 

%

991,630 

 

0.15 

%

 

 

 

 

 

 

 

 

 

 

Certificates of deposit accounts

 

 

 

 

 

 

 

 

 

Up to $100,000

 

123,862 

 

0.91 

%

125,313 

 

0.80 

%

Over $100,000 to $250,000

 

163,819 

 

1.00 

%

130,711 

 

0.93 

%

Over $250,000

 

153,992 

 

0.76 

%

58,632 

 

0.95 

%

Total certificates of deposit accounts

 

441,673 

 

0.89 

%

314,656 

 

0.88 

%

Total deposits

 

$

1,630,826 

 

0.36 

%

$

1,306,286 

 

0.33 

%

 

Schedule of aggregate annual maturities of certificates of deposit accounts

 

 

 

2014

 

 

 

Balance

 

Weighted
Average
Interest Rate

 

 

 

(dollars in thousands)

 

 

 

 

 

 

 

Within 3 months

 

$

83,268 

 

0.95 

%

4 to 6 months

 

66,023 

 

1.02 

%

7 to 12 months

 

136,616 

 

0.77 

%

13 to 24 months

 

142,396 

 

0.89 

%

25 to 36 months

 

10,400 

 

1.06 

%

37 to 60 months

 

2,405 

 

1.43 

%

Over 60 months

 

565 

 

1.01 

%

Total

 

$

441,673 

 

0.89 

%

 

Schedule of interest expense on deposit accounts

 

 

 

2014

 

2013

 

2012

 

 

 

(in thousands)

 

 

 

 

 

 

 

 

 

Checking accounts

 

$

161 

 

$

110 

 

$

82 

 

Passbook accounts

 

110 

 

103 

 

266 

 

Money market accounts

 

1,443 

 

1,043 

 

727 

 

Certificates of deposit accounts

 

3,323 

 

2,809 

 

4,778 

 

Total

 

$

5,037 

 

$

4,065 

 

$

5,853