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These excerpts taken from the OZRK 10-Q filed May 7, 2009. Deposits The Company’s lending and investment activities are funded primarily by deposits. The amount and type of deposits outstanding at March 31, 2009 and 2008 and at December 31, 2008 and their respective percentage of the total deposits are reflected in the following table. Deposits
During the quarter ended March 31, 2009, the Company’s total deposits decreased $51.2 million compared to December 31, 2008. This decrease was comprised of a reduction of brokered deposits of approximately $125 million, partially offset by an increase in non-brokered deposits of approximately $74 million. The amount and percentage of the Company’s deposits attributable to its offices located in Arkansas and Texas are reflected in the following table. These excerpts taken from the OZRK 10-K filed Mar 11, 2009. Deposits The Company offers an array of deposit products consisting of non-interest bearing checking accounts, interest bearing transaction accounts, business sweep accounts, savings accounts, money market accounts, time deposits and individual retirement accounts. Rates paid on such deposits vary among the deposit categories due to different terms and conditions, individual deposit size, services rendered and rates paid by competitors on similar deposit products. The Company acts as depository for a number of state and local governments and government agencies or instrumentalities. Such public funds deposits are often subject to competitive bid and in many cases must be secured by the Company’s pledge of government agency or other investment securities, a letter of credit or deposit bond insurance. The Company’s deposits come primarily from within the Company’s trade area. As of December 31, 2008 the Company had $385 million in “brokered deposits,” defined as deposits which, to the knowledge of the Company, have been placed with the Bank by a person who acts as a broker in placing these deposits on behalf of others or are otherwise deemed to be “brokered” by bank regulatory authority rules and regulations. Brokered deposits are typically from outside the Company’s primary trade area, and such deposit levels may vary from time to time depending on competitive interest rate conditions and other factors. Deposits SIZE="2">The Company offers an array of deposit products consisting of non-interest bearing checking accounts, interest bearing transaction accounts, business sweep accounts, savings accounts, money market accounts, time deposits and individual The Company’s deposits come primarily from within the Deposits The Company’s lending and investing activities are funded primarily by deposits. The Company’s total deposits increased 13.8% to $2.34 billion at December 31, 2008, compared to $2.06 billion at December 31, 2007. These deposit totals included brokered deposits of $384.8 million at December 31, 2008 and $381.3 million at December 31, 2007. Total deposits at December 31, 2008 consisted of 55.7% time deposits and 44.3% demand and savings deposits. Total deposits at December 31, 2007 consisted of 67.0% time deposits and 33.0% demand and savings deposits. Interest bearing deposits other than time deposits consist of transaction, savings and money market accounts, which comprised 36.4% of total deposits at December 31, 2008 and 25.1% at December 31, 2007. Non-interest bearing demand deposits constituted 7.9% of total deposits at both December 31, 2008 and 2007. The following table reflects the average balance and average rate paid for each deposit category shown for the years ended December 31, 2008, 2007 and 2006. Deposits SIZE="2">The Company’s lending and investing activities are funded primarily by deposits. The Company’s total deposits increased 13.8% to $2.34 billion at December 31, 2008, compared to $2.06 billion at December 31, 2007. These Total The following table reflects the average balance and average rate paid for each deposit 6. Deposits The aggregate amount of time deposits with a minimum denomination of $100,000 was $796.4 million and $906.7 million at December 31, 2008 and 2007, respectively. The following is a summary of the scheduled maturities of all time deposits:
6. Deposits SIZE="2">The aggregate amount of time deposits with a minimum denomination of $100,000 was $796.4 million and $906.7 million at December 31, 2008 and 2007, respectively.
This excerpt taken from the OZRK 10-Q filed Nov 5, 2008. Deposits
The amount and percentage of the Company’s deposits attributable to its offices located in Arkansas and Texas are reflected in the following table. This excerpt taken from the OZRK 10-Q filed Aug 7, 2008. Deposits
The amount and percentage of the Company’s deposits attributable to its offices located in Arkansas and Texas are reflected in the following table. This excerpt taken from the OZRK 10-Q filed May 8, 2008. Deposits
The amount and percentage of the Company’s deposits attributable to its offices located in Arkansas and Texas are reflected in the following table. These excerpts taken from the OZRK 10-K filed Mar 12, 2008. Deposits The Company offers an array of deposit products consisting of non-interest bearing checking accounts, interest bearing transaction accounts (including the Company’s MaxYield® checking), savings accounts, money market accounts and time deposits. Rates paid on such deposits vary among the deposit categories due to different terms and conditions, individual deposit size, services rendered and rates paid by competitors on similar deposit products. The Company acts as depository for a number of state and local governments and government agencies or instrumentalities. Such public funds deposits are often subject to competitive bid and in many cases must be secured by the Company’s pledge of government agency or other investment securities, a letter of credit or deposit bond insurance.
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Table of ContentsThe Company’s deposits come primarily from within the Company’s trade area. As of December 31, 2007 the Company had $381.3 million in “brokered deposits,” defined as deposits which, to the knowledge of the Company, have been placed with the Bank by a person who acts as a broker in placing these deposits on behalf of others or are otherwise deemed to be “brokered” by bank regulatory authority rules and regulations. Brokered deposits are typically from outside the Company’s primary trade area, and such deposit levels may vary from time to time depending on competitive interest rate conditions and other factors. 6. Deposits The aggregate amount of time deposits with a minimum denomination of $100,000 was $906.7 million and $877.9 million at December 31, 2007 and 2006, respectively. The following is a summary of the scheduled maturities of all time deposits:
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6. Deposits respectively. The following is a summary of the scheduled maturities of all time deposits:
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