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Deposits
9 Months Ended
Sep. 30, 2015
Deposits [Abstract]  
Deposits

NOTE 7: DEPOSITS

The following table summarizes the outstanding balance of deposits and average rates paid thereon as of:

 

 

 

September 30, 2015

 

 

December 31, 2014

 

(dollars in thousands)

 

Amount

 

 

Weighted
Average Rate

 

 

Amount

 

 

Weighted
Average Rate

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Demand deposits:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Noninterest-bearing

 

$

322,798

 

 

 

 

 

$

246,137

 

 

 

 

Interest-bearing

 

 

293,565

 

 

 

0.476

%

 

 

291,509

 

 

 

0.502

%

Money market and savings

 

 

344,309

 

 

 

0.556

%

 

 

171,958

 

 

 

0.626

%

Certificates of deposits

 

 

360,855

 

 

 

0.549

%

 

 

253,350

 

 

 

0.619

%

Total

 

$

1,321,527

 

 

 

0.400

%

 

$

962,954

 

 

 

0.427

%

At September 30, 2015, of the $110.6 million of certificates of deposits of $250,000 or more, $103.8 million mature within one year and $6.8 million mature after one year. Of the $250.2 million of certificates of deposit of less than $250,000, $231.2 million mature within one year and $19.0 million mature after one year. At December 31, 2014, of the $117.0 million of certificates of deposits of $250,000 or more, $96.9 million mature within one year and $20.1 million mature after one year. Of the $136.4 million of certificates of deposit of less than $250,000, $127.1 million mature within one year and $9.3 million mature after one year.