Interest Bearing Deposits

12 Months Ended

Dec. 31, 2011

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, 2011 and 2010:

(in thousands)
	2011		2010
Interest bearing demand	$	993,579	$	927,224
Money market		3,661,785		3,467,549
Savings		386,528		349,696
Time, $100,000 and over		1,629,505		2,191,055
Time less than $100,000		652,172		881,594
Total interest bearing deposits	$	7,323,569	$	7,817,118

The following table presents interest expense for each deposit type for the years ended December 31, 2011, 2010 and 2009:

(in thousands)
	2011		2010		2009
Interest bearing demand	$	3,056	$	4,677	$	4,884
Money market		17,236		26,412		26,885
Savings		356		543		572
Time, $100,000 and over		25,771		31,735		36,070
Other time less than $100,000		9,324		12,874		20,331
Total interest on deposits	$	55,743	$	76,241	$	88,742

The following table presents the scheduled maturities of time deposits as of December 31, 2011:

(in thousands)
Year	Amount
2012	$	1,589,811
2013		469,152
2014		45,831
2015		37,493
2016		136,685
Thereafter		2,705
Total time deposits	$	2,281,677

The following table presents the remaining maturities of time deposits of $100,000 or more as of December 31, 2011:

(in thousands)
Year	Amount
Three months or less	$	493,587
Over three months through six months		192,775
Over six months through twelve months		463,446
Over twelve months		479,697
Time, $100,000 and over	$	1,629,505