Note 7 - Time Deposits

12 Months Ended

Dec. 31, 2012

Deposit Liabilities Disclosures [Text Block]

NOTE 7:

TIME DEPOSITS

Time deposits included approximately $370,598,000 and $378,825,000 of certificates of deposit of $100,000 or more, at December 31, 2012 and 2011, respectively. Brokered deposits were $16,596,000 and $20,629,000 at December 31, 2012 and 2011, respectively. Maturities of all time deposits are as follows: 2013 – $659,541,000; 2014 – $140,387,000; 2015 – $48,662,000; 2016 – $24,595,000; 2017 – $3,164,000 and $22,000 thereafter.

Deposits are the Company's primary funding source for loans and investment securities. The mix and repricing alternatives can significantly affect the cost of this source of funds and, therefore, impact the interest margin.

- 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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