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Deposits
12 Months Ended
Dec. 31, 2013
Banking And Thrift [Abstract]  
Deposits
7 Deposits

The following table presents a summary of deposits at December 31:

 

     2013      2012  
     (In thousands)  

Demand deposits

   $ 1,069,631       $ 1,035,847   

Money market accounts

     870,291         843,224   

Savings accounts

     120,000         126,885   

Time deposits of $100,000 or more

     85,205         97,704   

Time deposits of less than $100,000

     30,863         34,603   

Checking with interest

     457,754         381,698   
  

 

 

    

 

 

 

Total Deposits

   $ 2,633,744       $ 2,519,961   
  

 

 

    

 

 

 

The Company participates in a reciprocal sweep arrangement with other financial institutions through an intermediary which provides customers with balances in excess of FDIC insurance limits a vehicle to expand the insurable amount of their deposits. Money market and checking with interest deposit balances under this arrangement totaled $49,408 and $21,515 at December 31, 2013 and 2012, respectively. Deposits under this arrangement are considered brokered deposits for regulatory reporting purposes. The Company had no other brokered deposits at December 31, 2013 or 2012.

Scheduled maturities of time deposits for each of the five years subsequent to December 31, 2013 are as follows:

 

Year

   Amount  
     (In thousands)  

2014

   $ 99,283   

2015

     5,505   

2016

     4,859   

2017

     4,108   

2018

     2,313