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9. Deposits

3 Months Ended

Mar. 31, 2014

NOTE9. DEPOSITS

The following is a summary of interest bearing deposits by type as of March 31, 2014 and 2013 and December 31, 2013:

		March 31,				December 31,				March 31,
Dollars in thousands		2014				2013				2013
Demand deposits, interest bearing		$	195,898			$	186,578			$	181,326
Savings deposits			228,854				193,446				197,587
Time deposits			528,433				530,951				594,279
Total		$	953,185			$	910,975			$	973,192

Included in time deposits are deposits acquired through a third party (“brokered deposits”) totaling $160.4 million, $160.8 million and $213.6 million at March 31, 2014, December 31, 2013, and March 31, 2013, respectively.

A summary of the scheduled maturities for all time deposits as of March 31, 2014 is as follows:

Dollars in thousands
Nine month period ending December 31, 2014		$	176,012
Year ending December 31, 2015			100,144
Year ending December 31, 2016			106,520
Year ending December 31, 2017			35,522
Year ending December 31, 2018			43,048
Thereafter			67,187
		$	528,433

The following is a summary of the maturity distribution of all certificates of deposit in denominations of $100,000 or more as of March 31, 2014:

Dollars in thousands		Amount				Percent
Three months or less		$	50,642				13.0	%
Three through six months			45,428				11.7	%
Six through twelve months			45,408				11.7	%
Over twelve months			248,245				63.7	%
Total		$	389,723				100.0	%

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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