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NOTE 6—DEPOSITS
Deposit accounts are as follows:
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June 30, 2012 |
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June 30, 2011 |
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Amount |
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% |
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Amount |
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% |
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Transaction and savings accounts: |
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NOW accounts (2012—0% to 0.10%; 2011—0% to 0.25%) |
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$ |
20,456 |
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6.97 |
% |
$ |
18,771 |
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6.42 |
% |
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Money market deposit accounts (2012—0.25% to 0.45%; 2011—0.45% to 1.00%) |
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11,988 |
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4.09 |
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10,107 |
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3.46 |
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Savings and other (2012—0.20% to 0.25%; 2011—0.25% to 0.50%) |
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35,152 |
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11.98 |
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34,044 |
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11.63 |
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Total transaction and savings accounts |
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67,596 |
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23.04 |
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62,922 |
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21.51 |
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Savings certificates: |
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Less than 1.00% |
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92,714 |
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31.60 |
% |
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16,574 |
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5.67 |
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1.00% to 1.99% |
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122,638 |
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41.80 |
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124,398 |
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42.53 |
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2.00% to 2.99% |
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10,352 |
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3.53 |
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87,667 |
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29.97 |
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3.00% to 3.99% |
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68 |
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0.03 |
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818 |
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0.28 |
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Greater than 4.00% |
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— |
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— |
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90 |
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0.04 |
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Total savings certificates |
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225,772 |
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76.96 |
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229,547 |
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78.49 |
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Total |
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$ |
293,368 |
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100.00 |
% |
$ |
292,469 |
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100.00 |
% |
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At June 30, 2012 and 2011 deposit accounts with balances over $100 totaled approximately $86,948 and $83,890, respectively. Scheduled maturities of certificates of deposit at June 30, 2012 for the next four years are as follows:
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2012 |
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2013 |
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$ |
171,040 |
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2014 |
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45,424 |
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2015 |
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7,776 |
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2016 |
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1,532 |
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$ |
225,772 |
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There are no certificates of deposit scheduled to mature after 2016. The Company does not take brokered certificates of deposit.
Directors and executive officers were customers of and had transactions with the Company in the ordinary course of business. Included in such transactions are deposit accounts, all of which were made under normal terms. The aggregate amount of these deposit accounts was $2,063 and $1,762 at June 30, 2012 and 2011, respectively. |