DUE TO DEPOSITORS

12 Months Ended

Dec. 31, 2011

DUE TO DEPOSITORS [Abstract]

DUE TO DEPOSITORS

10.   DUE TO DEPOSITORS

Deposits are summarized as follows:

	At December 31, 2011					At December 31, 2010
	Effective Cost			Liability		Effective Cost			Liability
Savings accounts		0.21	%	$	353,708		0.26	%	$	329,182
Certificates of deposit ("CDs")		1.85			977,551		2.04			1,059,652
Money market accounts		0.63			772,055		0.71			727,939
Interest bearing checking accounts		0.23			99,308		0.51			108,078
Non-interest bearing checking accounts		-			141,079		-			125,730
		1.02	%	$	2,343,701		1.20	%	$	2,350,581

The following table presents a summary of future maturities of CDs outstanding at December 31, 2011:

Year Ending December 31,	Maturing Balance		Weighted Average Interest Rate
2012	$	561,147		1.24	%
2013		172,972		2.14
2014		101,088		3.08
2015		74,540		2.94
2016		25,035		2.34
2017 and beyond		42,769		2.93
TOTAL	$	977,551		1.82	%(1)

(1) The weighted average cost of CDs, inclusive of their contractual compounding of interest, was 1.85% at December 31, 2011.

The aggregate amount of CDs with a minimum denomination of one-hundred thousand dollars was approximately $401,463 and $401,431 at December 31, 2011 and 2010, respectively.