Deposits

12 Months Ended

Dec. 31, 2012

Deposits [Abstract]

Deposits

Deposits:

The following table sets forth the composition of Sterling’s deposits at the dates indicated:

	December 31,
	2012				2011
	Amount		%		Amount		%
	(in thousands)
Noninterest bearing transaction	$	1,702,740	26	%	$	1,211,628	19	%
Interest bearing transaction	732,038		11	%	521,037		8	%
Savings and MMDA	2,262,369		36	%	2,092,283		32	%
Time deposits	1,738,970		27	%	2,660,870		41	%
Total deposits	$	6,436,117	100	%	$	6,485,818	100	%

The following presents the contractual maturities of time deposits:

	December 31, 2012
	(in thousands)
Due within 1 year	$	977,745
Due in 1 to 2 years	326,849
Due in 2 to 3 years	119,397
Due in 3 to 4 years	219,706
Due in 4 to 5 years	29,087
Due after 5 years	66,186
	$	1,738,970

The following presents the contractual maturities of time deposits with a minimum balance of $100,000:

	December 31, 2012
	(in thousands)
Three months or less	$	165,107
After three months through six months	99,941
After six months through twelve months	212,215
After twelve months	402,083
	$	879,346