Deposits

12 Months Ended

Dec. 31, 2011

Deposits, Federal Home Loan Bank Advances/ Regulatory Matters [Abstract]

DEPOSITS

NOTE 5 – DEPOSITS

Deposits at year-end are summarized as follows:

	December 31, 2011					December 31, 2010					Percent Increase
	Balance		%			Balance		%			(Decrease)
Noninterest-bearing demand	$	147,031,000		13.2	%	$	112,944,000		8.9	%		30.2	%
Interest-bearing checking		179,770,000		16.2			158,177,000		12.4			13.7
Money market		145,402,000		13.1			150,631,000		11.8			(3.5	)
Savings		32,468,000		2.9			60,201,000		4.7			(46.1	)
Time, under $100,000		63,330,000		5.7			75,857,000		6.0			(16.5	)
Time, $100,000 and over		213,548,000		19.2			206,954,000		16.2			3.2
		781,549,000		70.3			764,764,000		60.0			2.2
Out-of-area interest-bearing checking		26,142,000		2.3			0		NA			NA
Out-of-area time, under $100,000		18,457,000		1.7			37,253,000		2.9			(50.5	)
Out-of-area time, $100,000 and over		285,927,000		25.7			471,815,000		37.1			(39.4	)
		330,526,000		29.7			509,068,000		40.0			(35.1	)
Total deposits	$	1,112,075,000		100.0	%	$	1,273,832,000		100.0	%		(12.7	)%

Out-of-area certificates of deposit consist of certificates obtained from depositors outside of the primary market areas. As of December 31, 2011, out-of-area certificates of deposit totaling $291.7 million were obtained through deposit brokers, with the remaining $12.7 million obtained directly from the depositors.

The following table depicts the maturity distribution for certificates of deposit at year-end:

	2011		2010
In one year or less	$	369,362,000	$	495,914,000
In one to two years		107,463,000		179,867,000
In two to three years		37,290,000		70,602,000
In three to four years		44,034,000		27,842,000
In four to five years		23,113,000		17,654,000
Total certificates of deposit	$	581,262,000	$	791,879,000

The following table depicts the maturity distribution for certificates of deposit with balances of $100,000 or more at year-end:

	2011		2010
Up to three months	$	163,617,000	$	184,283,000
Three months to six months		77,164,000		108,963,000
Six months to twelve months		78,592,000		128,315,000
Over twelve months		180,102,000		257,208,000
Total certificates of deposit	$	499,475,000	$	678,769,000