| Summary of deposits |
Deposits as of June 30, 2012 and December 31, 2011 were as follows:
| | | June 30, 2012 | | | December 31, 2011 | | | | | Amount | | | % | | | Amount | | | % | | | | | | | | | | | | | | | | Noninterest bearing demand | | $ | 64,348,408 | | | | 14.29 | % | | $ | 66,534,956 | | | | 13.70 | % | Interest checking accounts | | | 43,542,588 | | | | 9.67 | % | | | 40,237,146 | | | | 8.29 | % | Money market accounts | | | 65,933,468 | | | | 14.64 | % | | | 75,487,907 | | | | 15.55 | % | Savings accounts | | | 18,688,852 | | | | 4.15 | % | | | 15,166,012 | | | | 3.12 | % | Time deposits of $100,000 and over | | | 117,110,398 | | | | 26.00 | % | | | 129,436,270 | | | | 26.66 | % | Other time deposits | | | 140,796,194 | | | | 31.25 | % | | | 158,658,761 | | | | 32.68 | % | | | | | | | | | | | | | | | | | | | Total | | $ | 450,419,908 | | | | 100.00 | % | | $ | 485,521,052 | | | | 100.00 | % |
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