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Note 8: Deposits

12 Months Ended

Dec. 31, 2014

Deposits at December 31, 2014 and 2013, are summarized as follows:

	Weighted Average
	Interest Rate	2014	2013
(In Thousands, Except Interest Rates)
Noninterest-bearing accounts	--	$518,266	$522,805
Interest-bearing checking and
savings accounts	0.19% - 0.20%	1,375,100	1,291,879
		1,893,366	1,814,684

Certificate accounts	0% - 0.99%	798,932	669,698
	1% - 1.99%	227,476	251,118
	2% - 2.99%	61,146	61,042
	3% - 3.99%	8,065	9,413
	4% - 4.99%	1,435	1,852
	5% and above	420	819
		1,097,474	993,942

		$2,990,840	$2,808,626

The weighted average interest rate on certificates of deposit was 0.78% and 0.69% at December 31, 2014 and 2013, respectively.

The aggregate amount of certificates of deposit originated by the Bank in denominations greater than $100,000 was approximately $402.0 million and $345.1 million at December 31, 2014 and 2013, respectively. The Bank utilizes brokered deposits as an additional funding source. The aggregate amount of brokered deposits was approximately $173.5 million and $126.3 million at December 31, 2014 and 2013, respectively.

At December 31, 2014, scheduled maturities of certificates of deposit were as follows:

	Retail	Brokered	Total
(In Thousands)
2015	$632,607	$80,656	$713,263
2016	161,813	75,356	237,169
2017	74,880	17,512	92,392
2018	39,739	--	39,739
2019	9,079	--	9,079
Thereafter	5,832	--	5,832

	$923,950	$173,524	$1,097,474

A summary of interest expense on deposits for the years ended December 31, 2014, 2013 and 2012, is as follows:

	2014	2013	2012
(In Thousands)
Checking and savings accounts	$3,088	$3,551	$7,087
Certificate accounts	8,264	8,871	13,715
Early withdrawal penalties	(127)	(76)	(82)

	$11,225	$12,346	$20,720

- 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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