Deposits

6 Months Ended

Jun. 30, 2012

Deposits [Abstract]

Deposits

10. Deposits

Composition

The following table summarizes the composition of deposits at the dates indicated (in thousands).

	June 30, 2012		December 31, 2011
Transaction deposits	$	486,013	$	460,766
Money market deposits		128,527		145,649
Savings deposits		66,020		59,117
Time deposits $100,000 and greater		196,444		198,202
Time deposits less than $100,000		185,673		200,447
Total deposits	$	1,062,677	$	1,064,181

At June 30, 2012 and December 31, 2011, $469 thousand and $621 thousand, respectively, of overdrawn transaction deposit accounts were reclassified to loans. The Company had no brokered deposits at June 30, 2012 or December 31, 2011.

As more fully discussed in Note 21, Subsequent Event, deposits associated with the two branches sold on July 1, 2012 totaled $41.1 million (including time deposits of $22.8 million) at June 30, 2012.

Interest Expense on Deposit Accounts

The following table summarizes interest expense on deposits for the periods indicated (in thousands).

	For the three months ended June 30,				For the six months ended June 30,
	2012		2011		2012		2011
Transaction deposit accounts	$	9	$	34	$	20	$	83
Money market deposit accounts		13		52		32		133
Savings deposit accounts		2		11		4		27
Time deposit accounts		1,315		2,427		2,676		4,957
Total interest expense on deposits	$	1,339	$	2,524	$	2,732	$	5,200