PCBC » Topics » Deposits

This excerpt taken from the PCBC 10-K filed Mar 2, 2009.

Deposits

The fair value of demand deposits, money market accounts, and savings accounts is the amount payable on demand as of December 31 of each year. The fair value of fixed-maturity certificates of deposit is estimated by discounting the interest and principal payments using the rates currently offered for deposits of similar remaining maturities.

This excerpt taken from the PCBC 10-K filed Feb 29, 2008.

Deposits

The fair value of demand deposits, money market accounts, and savings accounts is the amount payable on demand as of December 31 of each year. The fair value of fixed-maturity certificates of

 

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deposit is estimated by discounting the interest and principal payments using the rates currently offered for deposits of similar remaining maturities.

This excerpt taken from the PCBC 10-Q filed Aug 9, 2007.

Deposits

On a consolidated basis, deposits decreased by $37.1 million since December 31, 2006. A majority of the decrease is attributed to the maturity of $154.8 million of brokered CD’s to provide funding for the RAL/RT Programs during the first quarter of 2007, which is included in time certificates of $100,000 or more. At the same time, non-interest bearing deposits increased by $115.8 million due to the lag between the issuance of RAL checks and the time it takes for the taxpayers to cash the checks.

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