Deposits

3 Months Ended

Mar. 31, 2012

NOTE 4 – DEPOSITS

Interest-bearing deposits at March 31, 2012 and December 31, 2011 were as follows:


	March 31, 2012		December 31, 2011
Interest-bearing demand	$	14,752,548	$	13,414,665
Savings		40,320,980		38,878,769
Money market		32,051,526		34,092,280
Time under $100,000		25,666,211		26,583,043
Time $100,000 and over		31,934,150		33,636,725

	$	144,725,415	$	146,605,482

At March 31, 2012 and December 31, 2011, the Bank had $13,874,746 and $14,461,513, respectively, in national market certificates of deposit, primarily in amounts that qualify for FDIC insurance coverage. In addition, there were $5,651,245 and $6,317,020 at March 31, 2012 and December 31, 2011, respectively in Certificate of Deposit Account Registry Service ("CDARS") program reciprocal deposits.

- 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.

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WESTERN RESERVE BANCORP INC 10-Q