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Deposits

9 Months Ended

Sep. 30, 2011

Note 7. Deposits

The Company's deposit composition as of September 30, 2011 and December 31, 2010 is presented below:

	September 30,		December 31,
(In thousands)	2011		2010
Demand	$	52,616	$	52,872
NOW		43,121		40,884
Money Market		186,956		180,862
Savings		15,619		15,922
Time deposits (over $100)		93,100		105,788
Time deposits (under $100)		180,656		208,534
Brokered deposits		5,823		89,051
Total deposits	$	577,891	$	693,913

Under the Orders as described in “Note 2 – Regulatory Matters and Significant Risks or Uncertainties” to the Consolidated Financial Statements, Royal Bank is required to reduce its level of brokered deposits. During the first three quarters of 2011, brokered deposits of $83.2 million matured. At September 30, 2011, the balance of brokered deposits was $5.8 million.

- 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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