Deposits

12 Months Ended

Dec. 31, 2012

NOTE 7 – Deposits

The following is a detail of the deposit accounts:

	December 31,
(dollars in thousands)	2012		2011
Non-interest bearing	$	80,880		68,984
Interest bearing:
NOW accounts		158,874		153,596
Money market accounts		100,841		113,737
Savings		6,026		4,717
Time, less than $100,000		81,315		72,056
Time, $100,000 and over		148,363		149,822
Total deposits	$	576,299		562,912

At December 31, 2012 and 2011, the Company had approximately $13.0 million and $45.8 million, respectively, of time deposits that were obtained outside of the Company’s primary market. Interest expense on time deposits greater than $100,000 was $2.0 million, $3.5 million, and $5.5 million for the years ended December 31, 2012, 2011, and 2010, respectively.

At December 31, 2012 the scheduled maturities of certificates of deposit are as follows:

(dollars in thousands)
2013	$	180,194
2014		43,054
2015		4,676
2016		722
2017 and after		1,032
	$	229,678

- Definition

The entire disclosure for deposit liabilities including data and tables. It may include a description of the entity's deposit liabilities, the aggregate amount of time deposits (including certificates of deposit) in denominations of $100,000 or more at the balance sheet date; the aggregate amount of any demand deposits that have been reclassified as loan balances, such as overdrafts, at the balance sheet date; deposits that are received on terms other than those in the normal course of business, the amount of accrued interest on deposit liabilities; securities, mortgage loans or other financial instruments that serve as collateral for deposits; for time deposits having a remaining term of more than one year, the aggregate amount of maturities for each of the five years following the balance sheet date; and the weighted average interest rate for all deposit liabilities held by the entity.

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