Total deposits increased $4.2 million to $154.8 million at December 31, 2012 from $150.6 million at December 31, 2011. The increase was primarily due to a $1.8 million increase in non-interest bearing demand accounts and a $2.4 million increase in interest bearing accounts.The Bank continues to increase non-interest bearing deposit accounts. Total non-interest bearing deposit accounts at December 31, 2012 were $15.4 million as compared to $13.6 million at December 31, 2011. Non-interest bearing accounts were 10.0% of total deposits at December 31, 2012 as compared to 9.1% of total deposits at December 31, 2011. The growth in deposits was from the Bank’s local area market.
Liberty Bell Bank Reports 2012 Fourth Quarter And Annual Results Of Operations
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