DEPOSITS

12 Months Ended

Dec. 31, 2013

Note 9 – Deposits

The following table presents the composition of deposits at December 31 for the years indicated:

(In thousands)	2013		2012
Noninterest-bearing deposits	$	836,198	$	847,415
Interest-bearing deposits:
Demand		460,824		428,048
Money market savings		870,653		884,367
Regular savings		243,813		228,384
Time deposits of less than $100,000		263,636		307,445
Time deposits of $100,000 or more		202,101		217,375
Total interest-bearing deposits		2,041,027		2,065,619
Total deposits	$	2,877,225	$	2,913,034

Demand deposit overdrafts reclassified as loan balances were $1.3 million and $2.0 million at December 31, 2013 and 2012, respectively. Overdraft charge-offs and recoveries are reflected in the allowance for loan and lease losses.

The following table presents the maturity schedule for time deposits maturing within years ending December 31:

(In thousands)	Amount
2014	$	309,759
2015		87,668
2016		29,091
2017		21,640
2018		17,579
Total time deposits	$	465,737

The Company's time deposits of $100,000 or more represented 7.0% of total deposits at December 31, 2013 and are presented by maturity in the following table:

	Months to Maturity
	3 or		Over 3		Over 6		Over
(In thousands)	Less		to 6		to 12		12		Total
Time deposits—$100 thousand or more	$	34,110	$	26,547	$	70,020	$	71,424	$	202,101

Interest expense on time deposits of $100,000 or more amounted to $1.7 million, $2.4 million and $3.3 million for the years ended December 31, 2013, 2012 and 2011, respectively.

- 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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