Deposits

The components of deposits and applicable yields as of December 31, 2012 and 2011, are as follows (in thousands):



	December 31,
	2012		2011
Non-interest bearing demand accounts	$	254,979	$	190,075
Interest bearing demand accounts 0.0% to 1.15%	99,623		—
NOW accounts	—		107,476
Money market 0.0% to 4.07%	213,155		201,237
Savings and IRA 0.0% to 4.91%	75,788		73,493
	643,545		572,281
Certificate of deposit accounts:
Up to 1.99%	74,243		123,112
2.00% to 2.99%	25,110		27,657
3.00% to 3.99%	5,545		4,305
4.00% to 4.99%	491		1,933
5.00% to 5.99%	—		85
	105,389		157,092
Total deposits	$	748,934	$	729,373

During the third quarter of 2012, the Company restructured its deposit accounts to simplify its account structure and converted its NOW accounts to interest-bearing or non-interest bearing demand deposit accounts. Changes to federal regulation governing interest bearing demand accounts allowed the Company to make these changes. The weighted average interest rate on certificate of deposit accounts was 1.21% and 1.23% at December 31, 2012 and 2011, respectively.

At December 31, 2012, the scheduled maturities of certificate of deposit accounts are as follows (in thousands):



	Weighted Average
Year Ending December 31,	Interest Rate		Amounts
2013	0.78	%	$	57,123
2014	1.48	%	16,981
2015	1.79	%	9,293
2016	2.25	%	16,391
2017	1.30	%	5,601
			$	105,389

At December 31, 2012, the remaining maturities of certificate of deposit accounts with a minimum balance of $100,000 were as follows (in thousands):



	Amounts
Less than three months	$	13,786
Three to six months	9,348
Six to twelve months	8,654
Over twelve months	30,246
	$	62,034

The components of interest expense associated with deposits were as follows (in thousands):



	Years Ended December 31,
	2012		2011		2010
Interest bearing demand accounts	$	42	$	3	$	—
NOW accounts	66		184		499
Money market	757		1,126		1,935
Savings and IRA accounts	315		407		551
Certificate of deposit accounts	1,822		2,688		4,761
	$	3,002	$	4,408	$	7,746