| DEPOSITS |
DEPOSITS
Deposits consist of the following at December 31, 2012 and 2011 (dollars in thousands): | | | | | | | | | | | | | | | | December 31 | | 2012 | | 2011 | | Amount | | Percent of Total | | Amount | | Percent of Total | Non-interest-bearing checking | $ | 981,240 |
| | 27.6 | % | | $ | 777,563 |
| | 22.4 | % | Interest-bearing checking | 410,316 |
| | 11.5 |
| | 362,542 |
| | 10.4 |
| Regular savings accounts | 727,957 |
| | 20.5 |
| | 669,596 |
| | 19.3 |
| Money market accounts | 408,998 |
| | 11.5 |
| | 415,456 |
| | 11.9 |
| Total transaction and savings accounts | 2,528,511 |
| | 71.1 |
| | 2,225,157 |
| | 64.0 |
| Certificates of deposit: | | | | | | | | Up to 1.00% | 792,674 |
| | 22.3 |
| | 701,593 |
| | 20.2 |
| 1.01% to 2.00% | 155,144 |
| | 4.3 |
| | 394,285 |
| | 11.3 |
| 2.01% to 3.00% | 59,094 |
| | 1.6 |
| | 96,334 |
| | 2.8 |
| 3.01% to 4.00% | 12,881 |
| | 0.4 |
| | 19,495 |
| | 0.6 |
| 4.01% and greater | 9,500 |
| | 0.3 |
| | 38,790 |
| | 1.1 |
| Total certificates of deposit | 1,029,293 |
| | 28.9 |
| | 1,250,497 |
| | 36.0 |
| Total deposits | $ | 3,557,804 |
| | 100.0 | % | | $ | 3,475,654 |
| | 100.0 | % | Included in total deposits: | | | | | | | | Public transaction accounts | $ | 79,955 |
| | 2.2 | % | | $ | 72,064 |
| | 2.1 | % | Public interest-bearing certificates | 60,518 |
| | 1.7 |
| | 67,112 |
| | 1.9 |
| Total public deposits | $ | 140,473 |
| | 3.9 | % | | $ | 139,176 |
| | 4.0 | % | Total brokered deposits | $ | 15,702 |
| | 0.4 | % | | $ | 49,194 |
| | 1.4 | % |
Deposits at December 31, 2012 and 2011 included deposits from the Company’s directors, executive officers and related entities totaling $8.9 million and $11.1 million, respectively.
Scheduled maturities and weighted average interest rates of certificate accounts at December 31, 2012 and 2011 are as follows (dollars in thousands): | | | | | | | | | | | | | | | | December 31 | | 2012 | | 2011 | | Amount | | Weighted Average Rate | | Amount | | Weighted Average Rate | Due in one year or less | $ | 759,626 |
| | 0.64 | % | | $ | 972,315 |
| | 1.05 | % | Due after one year through two years | 153,371 |
| | 1.05 |
| | 169,353 |
| | 1.37 |
| Due after two years through three years | 56,419 |
| | 1.72 |
| | 44,738 |
| | 2.22 |
| Due after three years through four years | 29,571 |
| | 1.78 |
| | 34,841 |
| | 2.20 |
| Due after four years through five years | 26,782 |
| | 1.59 |
| | 26,024 |
| | 1.92 |
| Due after five years | 3,524 |
| | 2.66 |
| | 3,226 |
| | 3.60 |
| Total certificates of deposit | $ | 1,029,293 |
| | 0.82 | % | | $ | 1,250,497 |
| | 1.19 | % |
Included in total deposits are certificate of deposit accounts in excess of $100,000 totaling $571 million and $734 million at December 31, 2012 and 2011, respectively. Interest expense on certificate of deposit accounts in excess of $100,000 totaled $6.7 million for the year ended December 31, 2012 and $11.1 million for the year ended December 31, 2011.
The following table sets forth the deposit activities for the years ended December 31, 2012, 2011 and 2010 (in thousands): | | | | | | | | | | | | | | Years Ended December 31 | | 2012 |
| | 2011 |
| | 2010 |
| Balance at beginning of year | $ | 3,475,654 |
| | $ | 3,591,198 |
| | $ | 3,865,550 |
| Net increase (decrease) before interest credited | 67,043 |
| | (141,708 | ) | | (326,672 | ) | Interest credited | 15,107 |
| | 26,164 |
| | 52,320 |
| Net increase (decrease) in deposits | 82,150 |
| | (115,544 | ) | | (274,352 | ) | Balance at end of year | $ | 3,557,804 |
| | $ | 3,475,654 |
| | $ | 3,591,198 |
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Deposit interest expense by type for the years ended December 31, 2012, 2011 and 2010 was as follows (in thousands): | | | | | | | | | | | | | | Years Ended December 31 | | 2012 |
| | 2011 |
| | 2010 |
| Certificates of deposit | $ | 11,458 |
| | $ | 19,752 |
| | $ | 40,569 |
| Demand, interest-bearing-checking and money market accounts | 1,824 |
| | 3,293 |
| | 6,598 |
| Regular savings | 1,825 |
| | 3,119 |
| | 5,153 |
| | $ | 15,107 |
| | $ | 26,164 |
| | $ | 52,320 |
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