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DEPOSITS

12 Months Ended

Sep. 30, 2011

8. DEPOSITS

Deposits at September 30, 2011 and 2010 are summarized as follows:

		2011					2010
					Weighted					Weighted
					Average					Average
					Interest					Interest
		Amount			Rate		Amount			Rate
Transaction accounts:
Non-interest-bearing checking		$	150,430,677		—	%	$	149,186,009		—	%
Interest-bearing checking		328,274,827			0.28		345,012,929			0.90
Savings accounts		35,713,661			0.14		30,296,199			0.18
Money market		183,873,574			0.33		189,851,005			0.52

Total transaction accounts		698,292,739			0.22		714,346,142			0.58

Certificates of deposit:
0.00% to 0.99%		142,890,688			0.48		119,274,303			0.61
1.00% to 1.99%		203,692,301			1.53		95,540,118			1.56
2.00% to 2.99%		27,191,874			2.46		89,282,166			2.70
3.00% to 3.99%		40,107,262			3.20		80,637,382			3.35
4.00% to 4.99%		1,864,014			4.22		7,581,100			4.14
5.00% to 5.99%		8,486,035			5.23		8,541,909			5.23

Total certificates of deposit		424,232,174			1.48		400,856,978			2.02

Total		$	1,122,524,913		0.70	%	$	1,115,203,120		1.09	%

The aggregate amounts of certificates of deposit with a minimum principal amount of $100,000 were $226.2 million and $218.8 million at September 30, 2011 and 2010, respectively. Certificates of deposit at September 30, 2011 and 2010 include time deposits obtained from national brokers totaling $8.4 million with weighted-average interest rates of 5.23%.

At September 30, 2011, the scheduled maturities of certificates of deposit were as follows:

Maturing within:
Three months ending:
December 31, 2011		$	121,695,708
March 31, 2012		65,593,350
June 30, 2012		41,680,920
September 30, 2012		48,651,408
Year ending:
September 30, 2013		128,721,920
September 30, 2014		15,516,792
September 30, 2015		832,616
September 30, 2016		1,539,460
Thereafter		—
Total		$	424,232,174

A summary of interest expense on deposits for the years ended September 30, 2011, 2010 and 2009 is as follows:

		2011			2010			2009

Interest-bearing checking		$	2,563,968		$	3,667,002		$	3,504,122
Savings		58,269			59,133			55,804
Money market		1,342,532			2,146,037			1,676,266
Certificates of deposit		7,409,683			10,262,192			16,279,392

Total		$	11,374,452		$	16,134,364		$	21,515,584

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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