Time Certificates of Deposit

6 Months Ended

Jun. 30, 2014

Time certificates of deposit amounted to $796.3 million and $790.8 million, respectively, at June 30, 2014 and December 31, 2013. These amounts included wholesale brokered time certificates of deposit of $171.2 million and $98.0 million, respectively, at June 30, 2014 and December 31, 2013. Wholesale brokered time deposits of $80.0 million were utilized as replacement funding for the prepayment of certain FHLBB advances in the first quarter of 2014. See Note 8.

The following table presents scheduled maturities of time certificates of deposit outstanding at June 30, 2014:



(Dollars in thousands)	Scheduled Maturity		Weighted Average Rate
July 1, 2014 through December 31, 2014		$286,272	1.25	%
2015	209,147		0.95	%
2016	127,897		1.20	%
2017	83,968		0.86	%
2018	50,820		2.01	%
Thereafter	38,151		0.49	%
Balance at June 30, 2014		$796,255	1.13	%

The following table presents the amount of time certificates of deposit in denominations of $100 thousand or more at June 30, 2014, maturing during the periods indicated:



(Dollars in thousands)	Scheduled Maturity
July 1, 2014 to September 30, 2014		$122,022
October 1, 2014 to December 31, 2014	43,522
January 1, 2015 to June 30, 2015	54,999
July 1, 2015 and beyond	91,951
Balance at June 30, 2014		$312,494

- 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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