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Note 8 - Deposits

12 Months Ended

Dec. 31, 2013

Deposit Liabilities Disclosures [Text Block]

8. Deposits

Total deposits at December 31, 2013 and 2012, and the weighted average rate on deposits at December 31, 2013, are as follows:

	2013		2012		Weighted Average Rate 2013
	(Dollars in thousands)
Interest-bearing deposits:
Certificate of deposit accounts	$	1,120,955	$	1,253,229		2.01	%
Savings accounts		265,003		288,398		0.19
Money market accounts		199,907		148,618		0.21
NOW accounts		1,416,774		1,136,599		0.50
Total interest-bearing deposits		3,002,639		2,826,844
Non-interest bearing demand deposits		197,343		155,789
Total due to depositors		3,199,982		2,982,633
Mortgagors' escrow deposits		32,798		32,560		0.08
Total deposits	$	3,232,780	$	3,015,193

The aggregate amount of time deposits with denominations of $100,000 or more (excluding brokered deposits issued in $1,000.00 amounts under a master certificate of deposit) was $335.4 million and $393.7 million at December 31, 2013 and 2012, respectively. The aggregate amount of brokered deposits was $517.4 million and $522.1 million at December 31, 2013 and 2012, respectively.

Deposits obtained from the governmental division are collateralized by securities or letters of credit issued by FHLB-NY. The letters of credit are collateralized by mortgage loans pledged by the Bank.

At December 31, 2013, there were $407.4 million in securities and $517.8 million of letters of credit pledged as collateral for $867.1 million in government deposits. At December 31, 2012, there were $439.5 million in securities and $414.6 million of letters of credit pledged as collateral for $697.0 million in government deposits.

Interest expense on deposits is summarized as follows for the years ended December 31:

	2013		2012		2011
	(In thousands)
Certificate of deposit accounts	$	24,414	$	32,983	$	38,372
Savings accounts		515		689		2,091
Money market accounts		294		399		1,309
NOW accounts		6,777		6,275		6,610
Total due to depositors		32,000		40,346		48,382
Mortgagors' escrow deposits		37		36		49
Total interest expense on deposits	$	32,037	$	40,382	$	48,431

Scheduled remaining maturities of certificate of deposit accounts are summarized as follows for the years ended December 31:

	2013		2012
	(In thousands)
Within 12 months	$	459,016	$	410,054
More than 12 months to 24 months		318,215		418,956
More than 24 months to 36 months		158,050		248,590
More than 36 months to 48 months		51,508		111,054
More than 48 months to 60 months		108,489		33,046
More than 60 months		25,677		31,529
Total certificate of deposit accounts	$	1,120,955	$	1,253,229

- 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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