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Deposits
12 Months Ended
Dec. 31, 2013
Banking and Thrift [Abstract]  
Deposits
DEPOSITS
 
Interest-bearing deposits consisted of the following (in thousands):
 
 
December 31,
 
 
2013
 
2012
Savings
 
$
61,918

 
$
39,573

Money market
 
234,515

 
173,486

NOW accounts
 
182,364

 
161,328

Time, $100,000 or more
 
116,016

 
91,880

Time, under $100,000
 
52,938

 
44,996

 
 
$
647,751

 
$
511,263



Aggregate annual maturities of time deposits are as follows (in thousands):
Years Ending December 31,
 
 
2014
 
$
135,118

2015
 
16,461

2016
 
2,639

2017
 
10,335

2018
 
4,401

Thereafter
 

 
 
$
168,954


 
Interest expense recognized on interest-bearing deposits consisted of the following (in thousands):
 
 
Years Ended December 31,
 
 
2013
 
2012
 
2011
Savings
 
$
40

 
$
32

 
$
47

Money market
 
229

 
392

 
692

NOW accounts
 
251

 
270

 
321

Time certificates of deposit
 
750

 
936

 
1,602

 
 
$
1,270

 
$
1,630

 
$
2,662