Quarterly report pursuant to Section 13 or 15(d)

DEPOSITS

v3.4.0.3
DEPOSITS
3 Months Ended
Mar. 31, 2016
DEPOSITS [Abstract]  
DEPOSITS
NOTE 6 – DEPOSITS

Deposits are summarized as follows (in thousands):
 
   
March 31,
2016
   
December 31,
2015
 
Noninterest-bearing demand
 
$
424,356
   
$
477,032
 
Interest bearing demand
   
320,250
     
358,306
 
Savings and money market accounts
   
511,325
     
512,980
 
Certificates of deposit
   
84,903
     
87,194
 
   
$
1,340,834
   
$
1,435,512
 

Approximately $18.3 million and $17.1 million in certificates of deposit were in denominations of $250,000 or more at March 31, 2016 and December 31, 2015, respectively.