Deposits

12 Months Ended

Dec. 31, 2012

Deposits [Abstract]

Deposits

6. Deposits

The following table summarizes the Company’s deposits as of December 31:

(Dollar amounts in thousands)	2012				2011
Type of accounts	Amount		%		Amount		%
Noninterest-bearing deposits	$	109,964		9.3%	$	95,691		8.3%
NOW account deposits		223,736		19.0%		208,975		18.1%
Money Market deposits		39,255		3.3%		34,484		3.0%
Passbook account deposits		173,343		14.7%		153,644		13.3%
Time deposits		631,759		53.7%		663,616		57.3%
	$	1,178,057		100.0%	$	1,156,410		100.0%
Time deposits mature as follows:
Within one year	$	375,862		59.6%	$	387,857		58.5%
After one year through two years		118,333		18.7%		118,470		17.9%
After two years through three years		78,492		12.4%		81,282		12.2%
After three years through four years		36,920		5.8%		33,395		5.0%
After four years through five years		17,106		2.7%		37,235		5.6%
Thereafter		5,046		0.8%		5,377		0.8%
	$	631,759		100.0%	$	663,616		100.0%

The Company had a total of $244.8 million and $246.6 million in time deposits of $100,000 or more at December 31, 2012 and 2011, respectively.

Interest expense by type of deposit account for the years ended December 31, 2012, 2011 and 2010 is as follows:

(Dollar amounts in thousands)	2012		2011		2010
NOW account deposits	$	298	$	556	$	454
Money Market deposits		47		103		127
Passbook account deposits		156		372		400
Time deposits		8,824		10,923		13,289
	$	9,325	$	11,954	$	14,270