Customer Banking Deposits

12 Months Ended

Apr. 30, 2011

Customer Banking Deposits

Customer Banking Deposits

NOTE 10: CUSTOMER BANKING DEPOSITS

The components of customer banking deposits at April 30, 2011 and 2010 and the related interest expense recorded during the periods are as follows:

(in 000s)
April 30,	2011				2010
	Outstanding		Interest		Outstanding		Interest
	Balance		Expense		Balance		Expense
Short-term:
Money-market deposits	$	164,734	$	2,168	$	195,220	$	1,871
Savings deposits		11,030		107		12,460		128
Checking deposits:
Interest-bearing		6,947		94		24,190		83
Non-interest-bearing		279,296		–		200,096		–
		286,243		94		224,286		83
IRAs and other time deposits:
Due in one year		49,003				60,349
IRAs		341,210				360,240
		390,213		6,119		420,589		8,092
	$	852,220	$	8,488	$	852,555	$	10,174
Long-term:
Due in two years	$	7,939			$	12,479
Due in three years		3,717				6,079
Due in four years		16				3,105
Due in five years		6				1
	$	11,678	$	–	$	21,664	$	–

Accrued but unpaid interest on deposits totaled $0.2 million at April 30, 2011 and 2010.

Time deposit accounts totaling $7.3 million were in excess of Federal Deposit Insurance Corporation (FDIC) insured limits at April 30, 2011, and mature as follows:

	(in 000s)
Three months or less	$	480
Three to six months		2,929
Six to twelve months		2,011
Over twelve months		1,883
	$	7,303