Interest Bearing Deposits

12 Months Ended

Dec. 31, 2012

Interest Bearing Deposits [Abstract]

Interest Bearing Deposits

NOTE 14. INTEREST BEARING DEPOSITS

The following table presents the major types of interest bearing deposits at December 31, 2012 and 2011:

(in thousands)
		2012		2011
Interest bearing demand	$	1,215,002	$	993,579
Money market		3,407,047		3,661,785
Savings		475,325		386,528
Time, $100,000 and over		1,429,153		1,629,505
Time less than $100,000		573,834		652,172
Total interest bearing deposits	$	7,100,361	$	7,323,569

The following table presents interest expense for each deposit type for the years ended December 31, 2012, 2011 and 2010:

(in thousands)
		2012		2011		2010
Interest bearing demand	$	1,980	$	3,056	$	4,677
Money market		7,193		17,236		26,412
Savings		291		356		543
Time, $100,000 and over		16,067		25,771		31,735
Other time less than $100,000		5,602		9,324		12,874
Total interest on deposits	$	31,133	$	55,743	$	76,241

The following table presents the scheduled maturities of time deposits as of December 31, 2012:

(in thousands)
Year		Amount
2013	$	1,398,213
2014		288,655
2015		85,305
2016		149,341
2017		78,616
Thereafter		2,857
Total time deposits	$	2,002,987

The following table presents the remaining maturities of time deposits of $100,000 or more as of December 31, 2012:

(in thousands)
		Amount
Three months or less	$	336,783
Over three months through six months		205,786
Over six months through twelve months		438,500
Over twelve months		448,084
Time, $100,000 and over	$	1,429,153