(8) Deposits

Interest expense on deposits is summarized as follows (in thousands):



	December 31,
	2012		2011		2010
Transaction deposits	$	14,300	$	23,415	$	38,886
Savings	540		719		719
Time:
Certificates of deposits under $100,000	19,150		26,476		31,210
Certificates of deposits $100,000 and over	16,331		21,175		19,235
Other time deposits	16,692		17,105		16,215
Total time	52,173		64,756		66,660
Total	$	67,013	$	88,890	$	106,265

The aggregate amounts of time deposits in denominations of $100,000 or more at December 31, 2012 and 2011 were $1.9 billion and $2.1 billion, respectively.

Time deposit maturities are as follows: 2013 – $1.5 billion, 2014 – $305 million, 2015 – $259 million, 2016 – $322 million, 2017 – $173 million and $406 million thereafter. At December 31, 2012 and 2011, the Company had $187 million and $219 million, respectively, in fixed rate, brokered certificates of deposits. The weighted-average interest rate paid on these certificates was 3.17% in 2012 and 3.62% in 2011.

Interest expense on time deposits was reduced by $1.5 million in 2012, $1.6 million in 2011, and $4.0 million in 2010 from the net accrued settlement of interest rate swaps.

The aggregate amount of overdrawn transaction deposits that have been reclassified as loan balances was $9.2 million at December 31, 2012 and $7.5 million at December 31, 2011.