Deposits

12 Months Ended

Dec. 31, 2011

Deposits and Regulatory Matters [Abstract]

DEPOSITS

11. DEPOSITS

The composition of deposits is as follows:

	As of December 31,
	2011				2010
	(Dollars in thousands)
Non-interest bearing deposits
Demand deposits	$	2,027,876	44.0	%	$	1,701,523	37.7	%
Interest bearing deposits
Savings Deposits		1,739,522	37.8	%		1,727,432	38.2	%
Time deposits		837,150	18.2	%		1,089,873	24.1	%
Total deposits	$	4,604,548	100.0	%	$	4,518,828	100.0	%

Time certificates of deposit with balances of $100,000 or more amounted to approximately $744.5 million and $972.4 million at December 31, 2011 and 2010, respectively. Interest expense on such deposits amounted to approximately $2.5 million, $6.9 million, and $11.3 million for the years ended December 31, 2011, 2010 and 2009, respectively.

At December 31, 2011, the scheduled maturities of time certificates of deposit are as follows:

Year of maturity	TOTAL
	(Dollars in thousands)
2012	$	821,088
2013		10,430
2014		677
2015		316
2016 and thereafter		4,639
	$	837,150

At December 31, 2011, the Company had a single public depositor with certificates of deposit balances of approximately $240.0 million. These certificates mature January through March 2012.