13.               DEPOSITS

 

Deposits consisted of the following major classifications at December 31, 2013 and 2012:

 

					% of Total					% of Total
(Dollars in thousands)		2013			Deposits		2012			Deposits
Non-interest bearing deposits		$	291,109		7.9	%	$	328,892		8.4	%
Interest-earning checking accounts		686,582			18.8	%	663,737			16.9	%
Municipal checking accounts		383,043			10.5	%	611,599			15.6	%
Money market accounts		441,881			12.1	%	496,508			12.6	%
Savings accounts		1,127,339			30.8	%	1,037,424			26.4	%
Certificates of deposit		730,062			19.9	%	789,353			20.1	%
Total deposits		$	3,660,016		100.0	%	$	3,927,513		100.0	%

 

The decrease in deposits of $267.5 million was primarily the result of $228.6 million decrease of municipal deposits which was consistent with the planned run-off associated with our re-pricing of higher cost, non-relationship based municipal accounts.

 

Time deposit accounts outstanding at December 31, 2013 mature as follows:

 

(Dollars in thousands)

 

Year		Balance
2014		$	376,057
2015		128,936
2016		123,842
2017		58,040
2018		42,919
2019 and thereafter		268

 

The aggregate amount of certificates of deposit accounts in denominations of $100 thousand or more totaled $135.2 million and $137.9 million at December 31, 2013 and 2012, respectively.  The FDIC has permanently raised deposit insurance per account owner to $250 thousand for all types of accounts.