Atlantic Union Bankshares Corporation Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Deposits

Deposits

12 Months Ended

Dec. 31, 2011

7. DEPOSITS

The aggregate amount of time deposits in denominations of $100,000 or more as of December 31, 2011 and 2010 was $511.6 million and $563.4 million, respectively. As of December 31, 2011, the scheduled maturities of time deposits are as follows for the years ending (dollars in thousands):


2012	$	678,064
2013		182,365
2014		174,250
2015		48,358
2016		59,257
Thereafter		1,621

Total scheduled maturities of time deposits	$	1,143,915

The amount of time deposits held in Certificates of Deposit Account Registry Service accounts (i.e., CDARs) was $39.9 million and $62.0 million as of December 31, 2011 and 2010, respectively. These deposits had a maturity of less than one year.

The Company classifies deposit overdrafts as other consumer loans. As of December 31, 2011 and 2010, these deposits totaled $1.3 million and $1.4 million, respectively.

- 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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