Interest-Bearing Deposits

12 Months Ended

Dec. 31, 2013

Components of interest-bearing deposits at December 31 were as follows:



	2013		2012
	(dollars in thousands)
Interest-bearing demand deposits	$	89,149	$	97,963
Savings deposits	2,506,631		2,543,990
Time deposits	1,095,722		1,032,659
Total interest-bearing deposits	$	3,691,502	$	3,674,612

Interest-bearing deposits at December 31, 2013 and 2012, include allocations from interest-bearing demand deposit accounts of $556.7 million and $581.5 million, respectively, into savings which includes money market accounts. These reallocations are based on a formula and have been made to reduce First Commonwealth’s reserve requirement in compliance with regulatory guidelines.

Included in time deposits at December 31, 2013 and 2012, were certificates of deposit in denominations of $100 thousand or more of $464.7 million and $322.4 million, respectively.

Interest expense related to certificates of deposit $100 thousand or greater amounted to $4.7 million in 2013, $5.3 million in 2012 and $7.4 million in 2011.

Included in time deposits at December 31, 2013, were certificates of deposit with the following scheduled maturities (dollars in thousands):



2014	$	746,850
2015	200,927
2016	89,812
2017	28,303
2018	29,830
Total	$	1,095,722

- Definition

The entire disclosure for deposit liabilities including data and tables. It may include a description of the entity's deposit liabilities, the aggregate amount of time deposits (including certificates of deposit) in denominations of $100,000 or more at the balance sheet date; the aggregate amount of any demand deposits that have been reclassified as loan balances, such as overdrafts, at the balance sheet date; deposits that are received on terms other than those in the normal course of business, the amount of accrued interest on deposit liabilities; securities, mortgage loans or other financial instruments that serve as collateral for deposits; for time deposits having a remaining term of more than one year, the aggregate amount of maturities for each of the five years following the balance sheet date; and the weighted average interest rate for all deposit liabilities held by the entity.

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