XML 47 R14.htm IDEA: XBRL DOCUMENT

Deposits

12 Months Ended

Jun. 30, 2012

7.	Deposits:

Deposits at June 30, 2012 and 2011 consisted the following:

(Dollars in Thousands)		June 30, 2012				June 30, 2011
(Dollars in Thousands)		Interest Rate		Amount		Interest Rate		Amount

Checking deposits – non interest-bearing		-		$ 55,688		-		$ 45,437
Checking deposits – interest-bearing (1)		0% - 0.30%		204,524		0% - 0.50%		185,229
Savings deposits (1)		0% - 1.00%		226,051		0% - 1.73%		208,799
Money market deposits (1)		0% - 2.00%		29,382		0% - 2.00%		32,838
Time deposits (1)
	Under $100 (2)	0.00% - 4.88%		231,533		0.00% - 4.88%		251,383
	$100 and over	0.25% - 4.88%		214,233		0.50% - 4.88%		222,081
Total deposits				$ 961,411				$ 945,767
Weighted-average interest rate on deposits				0.76%				1.00%

(1)	Certain interest-bearing checking, savings, money market and time deposits require a minimum balance to earn interest.
(2)	Includes brokered deposits of $7.1 million and $12.2 million at June 30, 2012 and 2011, respectively.

The aggregate annual maturities of time deposits at June 30, 2012 and 2011were as follows:

(In Thousands)	June 30,
(In Thousands)	2012		2011

One year or less	$ 223,696		$ 284,514
Over one to two years	162,168		105,034
Over two to three years	37,158		38,072
Over three to four years	12,077		32,412
Over four to five years	9,049		11,812
Over five years	1,618		1,620
Total time deposits	$ 445,766		$ 473,464

Interest expense on deposits for periods indicated is summarized as follows:

(In Thousands)	Year Ended June 30,
(In Thousands)	2012		2011		2010

Checking deposits – interest-bearing	$ 481		$ 807		$ 1,109
Savings deposits	763		1,142		1,891
Money market deposits	156		212		287
Time deposits	7,015		8,099		12,213
Total interest expense on deposits	$ 8,415		$ 10,260		$ 15,500

The Corporation is required to maintain reserve balances with the Federal Reserve Bank of San Francisco. Such reserves are calculated based on deposit balances and are offset by the cash balances maintained by the Bank. The cash balances maintained by the Bank at June 30, 2012 and 2011 were sufficient to cover the reserve requirements.

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.

+ References+ Details