9. Deposits

Composition

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


	March 31,		December 31,
	2013		2012
Transaction deposits	$	498,415	$	483,844
Money market deposits		136,938		129,708
Savings deposits		73,303		70,646
Time deposits $100,000 and greater		126,092		179,242
Time deposits less than $100,000		137,448		159,802

Total deposits	$	972,196	$	1,023,242

At March 31, 2013 and December 31, 2012, $397 thousand and $554 thousand, respectively, of overdrawn transaction deposit accounts were reclassified to loans. The Company had no brokered deposits at March 31, 2013 or December 31, 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 March 31,
	2013		2012
Transaction deposit accounts	$	9	$	11
Money market deposit accounts		8		19
Savings deposit accounts		2		2
Time deposit accounts		876		1,361

Total interest expense on deposits	$	895	$	1,393