46
Deposit Distribution
(dollars in thousands)
2014
2013
2012
2011
2010
Interest Bearing Demand Deposits
110,840
$
82,408
$
84,655
$
68,777
$
-
$
Non-interest Bearing Demand Deposits
390,897
365,997
352,597
300,045
251,908
NOW
275,494
200,313
196,771
187,155
184,360
Savings
167,655
144,162
118,547
91,376
74,682
Money Market
117,907
73,132
71,222
76,396
156,170
CDAR's < $100,000
572
437
791
943
1,614
CDAR's ≥ $100,000
10,727
12,919
14,274
17,119
31,652
Customer Time deposit < $100,000
79,292
79,261
101,893
106,610
164,223
Customer Time deposits ≥ $100,000
208,311
205,550
218,284
222,847
187,665
Brokered Deposits
5,000
10,000
15,000
15,000
-
Total Deposits
1,366,695
$
1,174,179
$
1,174,034
$
1,086,268
$
1,052,274
$
Percentage of Total Deposits
Interest Bearing Demand Deposits
8.11% 7.02% 7.21% 6.33%
-
Non-interest Bearing Demand Deposits
28.60% 31.17% 30.03% 27.62% 23.94%
NOW
20.16% 17.06% 16.76% 17.23% 17.52%
Savings
12.27% 12.28% 10.10% 8.41% 7.10%
Money Market
8.63% 6.23% 6.07% 7.03% 14.84%
CDAR's < $100,000
0.04% 0.04% 0.07% 0.09% 0.15%
CDAR's ≥ $100,000
0.78% 1.10% 1.22% 1.58% 3.01%
Customer Time deposit < $100,000
5.80% 6.75% 8.68% 9.81% 15.61%
Customer Time deposits > $100,000
15.24% 17.50% 18.58% 20.52% 17.83%
Brokered Deposits
0.37% 0.85% 1.28% 1.38%
-
Total
100.00% 100.00% 100.00% 100.00% 100.00%
Year Ended December 31,
Total deposit balances increased by $193 million, or 16%, during 2014, due to $108 million in deposits added
through the acquisition of SCVB and strong organic growth in core non-maturity deposits. Non-maturity deposits
were up $197 million, or 23%, for the year, including over $90 million in non-maturity deposits from the acquisition.
The growth in non-maturity deposits during 2014 occurred in the following categories: transaction accounts,
comprised of demand deposits and NOW accounts, which increased $129 million, or 20%; savings deposits, which
increased $23 million, or 16%; and money market balances, which were up $45 million, or 61%. Of note, about $40
million in non-interest bearing account balances were transitioned to interest-bearing transaction accounts in the
course of our core conversion in February 2014, thus impacting the variances within transaction accounts. Aggregate
customer time deposits, including CDARs deposits which are primarily sourced from customers in our market areas,
were static for the year, while wholesale-sourced brokered deposits were reduced by $5 million, or 50%. Excluding
the boost provided by SCVB deposits, time deposits have been trending down due in large part to the intentional non-
renewal of deposits managed by our Treasury Department. Management is of the opinion that a relatively high level
of core customer deposits is one of the Company’s key strengths and we continue to strive for retention and growth,
although no assurance can be provided with regard to core deposit growth or potential runoff.
