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TIME DEPOSITS
12 Months Ended
Dec. 31, 2012
TIME DEPOSITS  
TIME DEPOSITS

NOTE 8 - TIME DEPOSITS

 

Time deposits of $100,000 or more totaled approximately $70,119,000 on December 31, 2012 and $62,130,000 on December 31, 2011. Interest expense related to such deposits was approximately $874,000, $965,000, and $1,461,000, for the years ended December 31, 2012, 2011, and 2010, respectively.

 

At December 31, 2012, the scheduled maturities on time deposits of $100,000 or more are as follows:

 

(In Thousands)

 

2012

 

Three months or less

 

$

15,479

 

Three months to six months

 

11,063

 

Six months to twelve months

 

16,105

 

Over twelve months

 

27,472

 

Total

 

$

70,119

 

 

Total time deposit maturities are as follows at December 31, 2012:

 

(In Thousands)

 

2012

 

2013

 

$

100,833

 

2014

 

39,681

 

2015

 

19,100

 

2016

 

6,754

 

2017

 

1,541

 

Thereafter

 

1,442

 

Total

 

$

169,351