Interest-Bearing Deposits

12 Months Ended

Dec. 31, 2011

Interest-Bearing Deposits [Abstract]

NOTE 8: INTEREST-BEARING DEPOSITS

Interest-bearing time deposits in denominations of $100,000 or more were $86,351,000 on December 31, 2011 and $104,092,000 on December 31, 2010. The Company acquires brokered deposits in the normal course of business. At December 31, 2011 and 2010, brokered deposits of $34,544,000 and $45,949,000, respectively, were included in the Company's time deposit balance. Of the $34,544,000 in brokered deposits, $24,414,000 represented customer funds placed into the Certificate of Deposit Account Registry Service ("CDARS"). The Bank is a member of the CDARS service which effectively allows depositors to receive FDIC insurance on amounts greater than the FDIC insurance limit, which is currently $250,000. CDARS allows the Bank to break large deposits into smaller amounts and place them in a network of other CDARS institutions to ensure that full FDIC insurance coverage is gained on the entire deposit. Although classified as brokered deposits for regulatory purposes, funds placed through the CDARS program are Bank customer relationships that management views as core funding.

At December 31, 2011, the scheduled maturities of time deposits are as follows:


(In thousands)
2012	$	100,404
2013		30,160
2014		9,911
2015		15,071
2016		9,376
Thereafter		1,665

	$	166,587

- 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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