(8) Deposits

The composition of interest bearing deposits follows:

	December 31,
(In thousands)	2012		2011
Interest bearing demand	$	345,739	$	297,916
Savings	84,795		70,964
Money market	579,686		526,605
Time deposits greater than $250,000	45,888		44,707
Other time deposits	329,426		363,960

	$	1,385,534	$	1,304,152

Interest expense related to certificates of deposit and other time deposits in denominations of $100,000 or more was $1,855,000, $2,575,000, and $3,445,000, respectively, for the years ended December 31, 2012, 2011 and 2010.

At December 31, 2012, the scheduled maturities of time deposits were as follows:

(In thousands)

2013	$	241,535
2014	75,875
2015	31,273
2016	15,283
2017 and thereafter	11,348
	$	375,314

Deposits of directors and their associates, including deposits of companies for which directors are principal owners, and executive officers were $29,819,000 and $3,800,000 at December 31, 2012 and 2011, respectively.

At December 31, 2012 and 2011, Bancorp had $814,000 and $482,000, respectively, of deposits accounts in overdraft status and thus have been reclassified to loans on the accompanying consolidated balance sheets.