Deposits

12 Months Ended

Dec. 31, 2011

Deposits {1}

Deposits

Note 9:  DEPOSITS

Deposits consist of the following at December 31, 2011 and 2010 (dollars in thousands):

	December 31
		2011				2010
		Amount	Percent of Total			Amount	Percent of Total
Non-interest-bearing checking	$	777,563	22.4	%	$	600,457	16.7	%
Interest-bearing checking		362,542	10.4			357,702	10.0
Regular savings accounts		669,596	19.3			616,512	17.2
Money market accounts		415,456	11.9			459,034	12.8
Total transaction and savings       accounts		2,225,157	64.0			2,033,705	56.7
Certificates of deposit:
Up to 1.00%		701,593	20.2			293,597	8.2
1.01% to 2.00%		394,285	11.3			895,040	24.9
2.01% to 3.00%		96,334	2.8			183,352	5.1
3.01% to 4.00%		19,495	0.6			112,378	3.1
4.01% and greater		38,790	1.1			73,126	2.0
Total certificates of deposit		1,250,497	36.0			1,557,493	43.3
Total deposits	$	3,475,654	100.0	%	$	3,591,198	100.0	%
Included in total deposits:
Public transaction accounts	$	72,064	2.1	%	$	64,482	1.8	%
Public interest-bearing certificates		67,112	1.9			81,809	2.3
Total public deposits	$	139,176	4.0	%	$	146,291	4.1	%
Total brokered deposits	$	49,194	1.4	%	$	102,984	2.9	%

Deposits at December 31, 2011 and 2010 included deposits from the Company’s directors, executive officers and related entities totaling $11.1 million and $18.4 million, respectively.

Scheduled maturities and weighted average interest rates of certificate accounts at December 31, 2011 and 2010 are as follows (dollars in thousands):

	December 31
		2011				2010
		Amount	Weighted Average Rate			Amount	Weighted Average Rate
Due in one year or less	$	972,315	1.05	%	$	1,185,405	1.59	%
Due after one year through two years		169,353	1.37			263,688	2.00
Due after two years through three years		44,738	2.22			50,844	2.44
Due after three years through four years		34,841	2.20			24,139	2.98
Due after four years through five years		26,024	1.92			30,121	2.29
Due after five years		3,226	3.60			3,296	3.73
Total certificates of deposit	$	1,250,497	1.19	%	$	1,557,493	1.73	%

Included in total deposits are certificate of deposit accounts in excess of $100,000 totaling $734 million and $841 million at December 31, 2011 and 2010, respectively.  Interest expense on certificate of deposit accounts in excess of $100,000 totaled $11.1 million for the year ended December 31, 2011 and $22.5 million for the year ended December 31, 2010.

The following table sets forth the deposit activities for the years ended December 31, 2011, 2010 and 2009 (in thousands):

	Years Ended December 31
		2011			2010			2009
Balance at beginning of year	$	3,591,198		$	3,865,550		$	3,778,850
Net increase (decrease) before interest credited		(141,708	)		(326,672	)		3,489
Interest credited		26,164			52,320			83,211
Net increase (decrease) in deposits		(115,544	)		(274,352	)		86,700
Balance at end of year	$	3,475,654		$	3,591,198		$	3,865,550

Deposit interest expense by type for the years ended December 31, 2011, 2010 and 2009 was as follows (in thousands):

	Years Ended December 31
		2011		2010		2009
Certificates of deposit	$	19,752	$	40,569	$	66,968
Demand, NOW and money market accounts		3,293		6,598		8,284
Regular savings		3,119		5,153		7,959
	$	26,164	$	52,320	$	83,211