Annual report pursuant to Section 13 and 15(d)

Deposits

v2.4.0.8
Deposits
 12 Months Ended
Dec. 31, 2013
Banking And Thrift [Abstract]  
Deposits

Note 6 — Deposits

At December 31, 2013, the scheduled maturities of time deposits are as follows:

 

Year Ending

December 31,

    Time
Deposits of
$100,000
or More		      Other
Time
Deposits		      Total  
     (In thousands)  

2014

    $ 451,211       $ 459,424       $ 910,635   

2015

      51,355         28,446         79,801   

2016

      4,380         4,900         9,280   

2017

      —           3,889         3,889   

2018 and thereafter

      —           —           —     
  

 

 

     

 

 

     

 

 

  

Total

    $ 506,946       $ 496,659       $ 1,003,605   
  

 

 

     

 

 

     

 

 

  

 

A summary of interest expense on deposits was as follows for the periods indicated:

 

     Year Ended December 31,  
     2013      2012      2011  
     (In thousands)  

Savings

    $ 1,812       $ 2,152       $ 2,757   

Money market checking and NOW accounts

      2,912         3,085         3,461   

Time deposits of $100,000 or more

      4,094         7,290         13,855   

Other time deposits

      3,860         3,350         3,885   
  

 

 

     

 

 

     

 

 

  

Total interest expense on deposits

    $ 12,678       $ 15,877       $ 23,958   
  

 

 

     

 

 

     

 

 

  

Accrued interest payable on deposits totaled $3.4 million and $3.5 million at December 31, 2013 and 2012, respectively. Total deposits reclassified to loans due to overdrafts at December 31, 2013 and 2012 were $1.1 million and $1.8 million, respectively.