Deposits

3 Months Ended

Mar. 31, 2012

Deposit Liabilities Disclosures [Text Block]

Deposits

Deposit accounts are summarized as follows for the periods ending March 31, 2012 and December 31, 2011.

	March 31, 2012					December 31, 2011
	Amount		%			Amount		%

Non-interest-bearing demand	$	6,415,792		3.16	%	$	6,644,398		3.27	%
NOW accounts		16,221,985		7.98			15,721,299		7.75
Money market deposit		42,736,844		21.03			43,655,929		21.50
Savings		29,516,725		14.53			30,235,259		14.89
Time deposits		108,284,000		53.30			106,759,401		52.59
Total	$	203,175,347		100.00	%	$	203,016,286		100.00	%

- Definition

The entire disclosure for deposit liabilities including data and tables. It may include a description of the entity's deposit liabilities, the aggregate amount of time deposits (including certificates of deposit) in denominations of $100,000 or more at the balance sheet date; the aggregate amount of any demand deposits that have been reclassified as loan balances, such as overdrafts, at the balance sheet date; deposits that are received on terms other than those in the normal course of business, the amount of accrued interest on deposit liabilities; securities, mortgage loans or other financial instruments that serve as collateral for deposits; for time deposits having a remaining term of more than one year, the aggregate amount of maturities for each of the five years following the balance sheet date; and the weighted average interest rate for all deposit liabilities held by the entity.

+ References+ Details

Polonia Bancorp 10-Q