NOTE 8: DEPOSITS

	December 31, 2011								December 31, 2010
	Weighted Average Rate			Balance		Percentage of Deposits			Weighted Average Rate			Balance		Percentage of Deposits

Demand		0.00	%	$	56,315,467		11.6	%		0.00	%	$	26,634,448		5.5	%
NOW		0.56	%		81,804,342		16.9	%		0.78	%		74,984,520		15.6	%
Money market		0.77	%		169,759,166		35.0	%		1.20	%		183,691,603		38.2	%
Savings		0.44	%		21,295,855		4.4	%		0.69	%		19,189,236		4.0	%
		0.56	%		329,174,830		67.9	%		0.96	%		304,499,807		63.3	%
Certificates:
0% - 1.99%		1.08	%		127,813,801		26.4	%		1.12	%		100,992,487		21.0	%
2.00% - 3.99%		2.88	%		15,059,924		3.1	%		2.84	%		43,016,216		8.9	%
4.00% - 6.00%		5.05	%		12,535,110		2.6	%		4.76	%		32,185,764		6.7	%
		1.57	%		155,408,835		32.1	%		2.20	%		176,194,466		36.7	%
Total Deposits		0.89	%	$	484,583,665		100.0	%		1.42	%	$	480,694,273		100.0	%

The aggregate amount of certificates of deposit with a minimum balance of $100,000 was approximately $63,823,000 and $67,264,000, as of December 31, 2011 and 2010, respectively.

A summary of certificates of deposit by maturity as of December 31, 2011, is as follows:

2012	$	87,409,324
2013		42,580,169
2014		13,462,872
2015		6,428,637
2016		5,463,296
Thereafter		64,537
	$	155,408,835

A summary of interest expense on deposits is as follows:

	Years ended
	December 31,
	2011			2010			2009

NOW and Money Market accounts	$	2,580,341		$	3,968,205		$	6,151,371
Savings accounts		118,432			140,382			121,362
Certificate accounts		3,099,265			5,536,701			9,140,075
Early withdrawal penalties		(19,775	)		(17,155	)		(31,618	)
	$	5,778,263		$	9,628,133		$	15,381,190

The Bank utilizes brokered deposits as an additional funding source. The aggregate amount of brokered deposits was approximately $22,229,000 and $37,073,000 as of December 31, 2011 and 2010, respectively.