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Deposits

12 Months Ended

Dec. 31, 2011

Note 8 – Deposits

As of December 31, 2011 and 2010, deposits consisted of the following:

	2011		2010
Demand deposits:
Non-interest bearing	$	198,962	$	183,932
Interest-bearing		213,920		209,203
Savings		259,968		215,178
Money market		268,129		287,382
Time deposits		234,755		317,015
Total deposits	$	1,170,734	$	1,212,710

Total interest expense on deposits for the years ended December 31, 2011, 2010 and 2009 was as follows:

	2011		2010		2009
Interest-bearing demand	$	332	$	500	$	539
Savings		1,481		1,279		882
Money market		1,993		2,690		2,304
Time deposits		2,919		4,002		9,245
Total	$	6,725	$	8,471	$	12,970

As of December 31, 2011, 2010 and 2009, the aggregate amount of time deposits in denominations of more than $100,000 and the total interest expense on such deposits was as follows:

	2011		2010		2009
Outstanding	$	67,854	$	88,928	$	81,692
Interest expense for the year		1,204		1,719		3,857

The following table shows the amount of maturities for all time deposits as of December 31, 2011:

Less than 1 year	$	171,266
1 year to 2 years		27,360
2 years to 3 years		12,545
3 years to 4 years		10,991
4 years to 5 years		12,265
Over 5 years		328
Total	$	234,755

In 2011 the Company maintained account relationships with various public entities throughout its market areas. Four public entities had total balances of $28.7 million in various checking accounts and time deposits as of December 31, 2011. These balances are subject to change depending upon the cash flow needs of the public entity.

- Definition

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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