DEPOSITS

12 Months Ended

Dec. 31, 2014

Note 8 – Deposits

The following table presents the composition of deposits at December 31 for the years indicated:

(In thousands)				2014		2013
Noninterest-bearing deposits				$	993,737	$	836,198
Interest-bearing deposits:
	Demand				534,605		460,824
	Money market savings				828,494		870,653
	Regular savings				264,751		243,813
	Time deposits of less than $100,000				239,857		263,636
	Time deposits of $100,000 or more				205,065		202,101
		Total interest-bearing deposits			2,072,772		2,041,027
			Total deposits	$	3,066,509	$	2,877,225

Demand deposit overdrafts reclassified as loan balances were $2.2 million and $1.3 million at December 31, 2014 and 2013, respectively. Overdraft charge-offs and recoveries are reflected in the allowance for loan and lease losses.

The following table presents the maturity schedule for time deposits maturing within years ending December 31:

(In thousands)		Amount
2015		$	258,864
2016			93,858
2017			34,344
2018			19,336
Thereafter			38,520
	Total time deposits	$	444,922

The Company's time deposits of $100,000 or more represented 6.7% of total deposits at December 31, 2014 and are presented by maturity in the following table:

	Months to Maturity
	3 or		Over 3		Over 6		Over
(In thousands)	Less		to 6		to 12		12		Total
Time deposits--$100 thousand or more	$	37,506	$	26,752	$	50,814	$	89,993	$	205,065

Interest expense on time deposits of $100,000 or more amounted to $1.5 million, $1.7 million and $2.4 million for the years ended December 31, 2014, 2013 and 2012, respectively.

- 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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