Deposits

12 Months Ended

Dec. 31, 2013

Deposits [Abstract]

Deposits

Deposits:

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

	December 31,
	2013				2012
	Amount		%		Amount		%
	(in thousands)
Noninterest bearing transaction	$	1,881,360	27	%	$	1,702,740	26	%
Interest bearing transaction	791,943		11	%	732,038		11	%
Savings and MMDA	2,700,241		38	%	2,262,369		36	%
Time deposits	1,701,446		24	%	1,738,970		27	%
Total deposits	$	7,074,990	100	%	$	6,436,117	100	%

The following presents the contractual maturities of time deposits:

	December 31, 2013
	(in thousands)
Due within 1 year	$	875,929
Due in 1 to 2 years	391,309
Due in 2 to 3 years	310,607
Due in 3 to 4 years	41,820
Due in 4 to 5 years	38,724
Due after 5 years	43,057
	$	1,701,446

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

	December 31, 2013
	(in thousands)
Three months or less	$	142,676
After three months through six months	96,075
After six months through twelve months	251,201
After twelve months	533,341
	$	1,023,293