SYBT » Topics » Deposits

These excerpts taken from the SYBT 10-K filed Mar 13, 2009.

Deposits

 

The fair value of demand deposits, savings accounts, and certain money market deposits is the amount payable on demand at the reporting date. The fair value of fixed-rate certificates of deposits is estimated by discounting the future cash flows using the rates currently offered for deposits of similar remaining maturities.  If the discounted future cash flows are less than the current value, Bancorp utilizes the current payable instead of the present value of contracted maturities at the current origination rate.

 

Deposits



 



The fair value
of demand deposits, savings accounts, and certain money market deposits is the
amount payable on demand at the reporting date. The fair value of fixed-rate
certificates of deposits is estimated by discounting the future cash flows
using the rates currently offered for deposits of similar remaining
maturities.  If the discounted future
cash flows are less than the current value, Bancorp utilizes the current
payable instead of the present value of contracted maturities at the current
origination rate.



 



These excerpts taken from the SYBT 10-K filed Mar 13, 2008.

Deposits

 

The fair value of demand deposits, savings accounts, and certain money market deposits is the amount payable on demand at the reporting date. The fair value of fixed-rate certificates of deposits is estimated by discounting the future cash flows using the rates currently offered for deposits of similar remaining maturities.  If the discounted future cash flows are less than the current value, Bancorp utilizes the current payable instead of the present value of contracted maturities at the current origination rate.

 

Deposits



 



The fair value
of demand deposits, savings accounts, and certain money market deposits is the
amount payable on demand at the reporting date. The fair value of fixed-rate
certificates of deposits is estimated by discounting the future cash flows
using the rates currently offered for deposits of similar remaining maturities.  If the discounted future cash flows are less
than the current value, Bancorp utilizes the current payable instead of the
present value of contracted maturities at the current origination rate.



 



This excerpt taken from the SYBT 10-K filed Mar 16, 2007.

Deposits

The fair value of demand deposits, savings accounts, and certain money market deposits is the amount payable on demand at the reporting date. The fair value of fixed-rate certificates of deposits is estimated by discounting the future cash flows using the rates currently offered for deposits of similar remaining maturities.  If the discounted future cash flows are less than the current value, Bancorp utilizes the current payable instead of the present value of contracted maturities at the current origination rate.

This excerpt taken from the SYBT 10-K filed Mar 15, 2006.

Deposits

 

The fair value of demand deposits, savings accounts, and certain money market deposits is the amount payable on demand at the reporting date. The fair value of fixed-rate certificates of deposits is estimated by discounting the future cash flows using the rates currently offered for deposits of similar remaining maturities. If the discounted future cash flows are less than the current value, Bancorp utilizes the current payable instead of the present value of contracted maturities at the current origination rate.

 

This excerpt taken from the SYBT 10-K filed Mar 14, 2005.

Deposits

 

The fair value of demand deposits, savings accounts, and certain money market deposits is the amount payable on demand at the reporting date. The fair value of fixed-rate certificates of deposits is estimated by discounting the future cash flows using the rates currently offered for deposits of similar remaining maturities.

 

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