Annual report pursuant to Section 13 and 15(d)

DEPOSITS

v2.4.0.8
DEPOSITS
12 Months Ended
Dec. 31, 2013
DEPOSITS [Abstract]  
DEPOSITS

6.DEPOSITS

 

The major types of interest-bearing deposits are as follows for the years ending (dollars in thousands):

 

 

 

 

 

 

 

 

 

2013

 

2012

Interest-bearing deposits:

 

 

 

 

 

NOW accounts

$

498,068 

 

$

454,150 

Money market accounts

 

940,215 

 

 

957,130 

Savings accounts

 

235,034 

 

 

207,846 

Time deposits of $100,000 and over

 

427,597 

 

 

508,630 

Other time deposits

 

444,254 

 

 

524,110 

Total interest-bearing deposits

$

2,545,168 

 

$

2,651,866 

 

 

 

 

 

 

As of December 31, 2013, the scheduled maturities of time deposits are as follows for the years ending (dollars in thousands):

 

 

 

 

 

2014

$

563,788 

2015

 

141,329 

2016

 

76,595 

2017

 

37,814 

2018

 

52,325 

Total scheduled maturities of time deposits

$

871,851 

 

 

 

 

The amount of time deposits held in CDARS accounts was $32.0 million and $36.7 million as of December 31, 2013 and 2012, respectively.  These deposits had a maturity of less than one year.

 

The Company classifies deposit overdrafts as other consumer loans.  As of December 31, 2013 and 2012, these deposits totaled $1.8 million and $5.7 million, respectively.