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DEPOSITS (Tables)
12 Months Ended
Dec. 31, 2015
DEPOSITS  
Ending Deposit Balances

 

 

 

 

 

 

 

 

 

December 31,  (in thousands)

    

 

2015

    

2014

 

 

 

 

 

 

 

 

 

 

Demand

 

 

$

783,054

 

$

691,787

 

Money market accounts

 

 

 

501,059

 

 

471,339

 

Brokered money market accounts

 

 

 

200,126

 

 

35,649

 

Savings

 

 

 

117,408

 

 

91,625

 

Individual retirement accounts*

 

 

 

36,016

 

 

28,771

 

Time deposits, $250 and over*

 

 

 

42,775

 

 

56,556

 

Other certificates of deposit*

 

 

 

127,878

 

 

104,010

 

Brokered certificates of deposit*

 

 

 

44,298

 

 

75,876

 

 

 

 

 

 

 

 

 

 

Total interest-bearing deposits

 

 

 

1,852,614

 

 

1,555,613

 

Total non interest-bearing deposits

 

 

 

634,863

 

 

502,569

 

 

 

 

 

 

 

 

 

 

Total deposits

 

 

$

2,487,477

 

$

2,058,182

 

 

 


*Represents a time deposit.

 

Schedule of time deposits of $250,000 or more

Time deposits at or above the FDIC insured limit of $250,000 are presented in the table below:

 

 

 

 

 

 

 

 

 

December 31, (in thousands)

    

2015

    

2014

 

 

 

 

 

 

 

 

 

Time deposits of $250 or more

 

$

42,775

 

$

56,556

 

 

Schedule of maturities of all time deposits, including brokered certificates of deposit

 

 

 

 

 

 

 

 

    

 

 

    

Weighted

 

 

 

 

 

 

Average

 

Year (dollars in thousands)

 

Principal

 

Rate

 

 

 

 

 

 

 

 

2016

 

$

119,302

 

0.54

%  

2017

 

 

27,097

 

0.77

%  

2018

 

 

30,108

 

1.44

%  

2019

 

 

35,728

 

1.92

%  

2020

 

 

38,732

 

1.86

%  

Thereafter

 

 

 —

 

 —

%  

Total

 

$

250,967

 

1.07

%