Deposits

12 Months Ended

Dec. 31, 2012

Deposits/Federal Home Loan Bank Advances/Securities Sold under Agreement to Repurchase and Other Borrowings/Regulatory Capital Requirements [Abstract]

DEPOSITS

10. DEPOSITS

Deposits consist of the following:

	December 31,
	2012		2011
	(Dollars in thousands)
Checking accounts:
Interest bearing	$	132,947	$	119,298
Non-interest bearing		159,767		148,049
Savings accounts		264,411		234,828
Money market accounts		345,651		314,907
Certificates of deposit		559,298		771,415
Total deposits	$	1,462,074	$	1,588,497

Interest expense on deposits is summarized as follows:

	Year Ended December 31,
	2012		2011		2010
	(Dollars in thousands)
Interest bearing demand deposits and money market accounts	$	1,565	$	2,231	$	3,176
Savings accounts		332		501		792
Certificates of deposit		9,999		21,609		28,094
Total	$	11,896	$	24,341	$	32,062

A summary of certificates of deposit by maturity follows:

	December 31, 2012
	(Dollars in thousands)
Within 12 months	$	214,733
12 months to 24 months		124,744
Over 24 months to 36 months		56,369
Over 36 months to 48 months		57,003
Over 48 months		106,449
Total	$	559,298

A summary of certificates of deposit with balances of $100,000 or more by maturity is as follows:

	December 31, 2012		December 31, 2011
	(Dollars in thousands)
Three months or less	$	14,274	$	60,750
Over three months to six months		6,120		18,955
Over six months to twelve months		21,759		47,895
Over twelve months		102,552		62,301
Total	$	144,705	$	189,901

A summary of certificates of deposit with balances of $250,000 or more by maturity is as follows:

	December 31, 2012		December 31, 2011
	(Dollars in thousands)
Three months or less	$	1,379	$	3,440
Over three months to six months		—		309
Over six months to twelve months		2,744		1,776
Over twelve months		10,769		7,872
Total	$	14,892	$	13,397

All funds on deposit at Home Savings that are in noninterest-bearing transaction accounts were insured in full by the FDIC through December 31, 2012. This temporary unlimited coverage was in addition to, and separate from, the coverage of at least $250,000 available to depositors under the FDIC’s general deposit insurance rules. Brokered deposits represent funds that Home Savings obtained, directly or indirectly, through a deposit broker. A deposit broker places deposits from third parties with insured depository institutions or places deposits with an institution for the purpose of selling interest in those deposits to third parties. Home Savings had no brokered deposits at December 31, 2012 and 2011.