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Deposits
3 Months Ended
Jun. 30, 2011
Deposits [Abstract]  
Deposits

NOTE 8 - Deposits

 

Effective March 12, 2008, the Company opened MBB. MBB currently provides diversification of the Company's funding sources primarily through the issuance of Federal Deposit Insurance Corporation (“FDIC”) insured certificates of deposit raised nationally through various brokered deposit relationships and through FDIC-insured retail deposits directly from other financial institutions. As of June 30, 2011, the remaining scheduled maturities of time deposits are as follows:

    Scheduled
    Maturities
    (Dollars in thousands)
      
Period Ending December 31,  
2011$16,373
2012 37,547
2013 33,993
2014 19,723
2015 14,582
Thereafter 2,304
   Total$124,522

All time deposits are in denominations of less than $250,000 and all are fully insured by the FDIC. The weighted average all-in interest rate of deposits outstanding at June 30, 2011 was 2.08%.