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f8k1stqtr2013earningsrelease

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

DATE OF REPORT (Date of earliest event reported): April 25, 2013

Commission File Number 0-17071

FIRST MERCHANTS CORPORATION

(Exact name of registrant as specified in its charter)



INDIANA	35-1544218
(State or other jurisdiction of incorporation)	(IRS Employer Identification No.)

200 East Jackson Street

P.O. Box 792

Muncie, IN 47305-2814

(Address of principal executive offices, including zip code)

(765) 747-1500

(Registrant's telephone number, including area code)

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

ITEM 2.02 RESULTS OF OPERATIONS AND FINANCIAL CONDITION.

On April 25, 2013 First Merchants Corporation issued a press release to report its financial results for the first quarter ended March 31, 2013. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K.

The information in this Current Report on Form 8-K, including Exhibit No. 99.1 hereto, shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to liability of that section. The information in this Current Report shall not be incorporated by reference into any filing or other document pursuant to the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such filing or document.

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.

(a) Not applicable.

(b) Not applicable.

Exhibit 99.1 Press Release, dated April 25, 2013, issued by First Merchants Corporation

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

First Merchants Corporation

(Registrant)

By: /s/ Mark K. Hardwick

Mark K. Hardwick

Executive Vice President and Chief Financial Officer

(Principal Financial and Principal Accounting Officer)

Dated: April 25, 2013

EXHIBIT INDEX

Exhibit No. Description


99.1	Press Release, dated April 25, 2013, issued by First Merchants Corporation

1st Quarter 2013 Earnings Release

N / E / W / S R / E / L / E / A / S / E

April 25, 2013

FOR IMMEDIATE RELEASE

For more information, contact:

David L. Ortega, First Vice President/Director of Investor Relations

765-378-8937

http://www.firstmerchants.com

SOURCE: First Merchants Corporation, Muncie, Indiana

FIRST MERCHANTS CORPORATION ANNOUNCES STRONG FIRST QUARTER 2013 EARNINGS

First Merchants Corporation (NASDAQ - FRME) has reported first quarter 2013 earnings per share of $.38 compared to core earnings of $.25 during the same period in 2012. Reported earnings for the first quarter of 2012 totaled $.46 as the Corporation recorded a gain on its FDIC purchase of SCB Bank in Shelbyville, Indiana of $.21 per share. Total net income available to common shareholders equaled $11.0 million, compared to $13.2 million earned in the first quarter of 2012.

Michael C. Rechin, President and Chief Executive Officer, stated, “First quarter 2013 results exceeded our expectations primarily through the combination of improved core operating activities and the benefit from loan recoveries tied to prior period charge-offs. The $9.1 million gain related to our February 2012 FDIC purchase is hard to replace, but $6.3 million of recoveries, including $2.5 million recorded to interest income, produced an excellent quarter. Additional strength in our results came from the continuation of improvement in our credit-related metrics. Our improvements allowed for reduced provisioning while maintaining a robust loan loss reserve. Our current period earnings added to a series of consistently profitable quarters prompting our Board of Directors to approve an increase in our second quarter dividend to $0.05 per share announced on April 9, 2013.”

Total assets equaled $4.3 billion as of quarter-end and total loans were $2.9 billion. The Corporation's commercial and industrial loans and commercial real estate loans increased by 8.1 percent year-over-year as total loans increased by 3.2 percent. The Corporation's loan-to-deposit ratio is now 88 percent and the loan-to-asset ratio is 68 percent. Total non-maturity deposits increased by 9.2 percent year-over-year, as total deposits increased by less than 1 percent while the Bank focused on low-cost deposits and pricing discipline.

Net-interest income totaled $39.5 million for the quarter and net-interest margin remained strong during the quarter totaling 4.25 percent as yields on earning assets totaled 4.70 percent and the cost of supporting liabilities totaled .45 percent. When adjusted for fair value accretion of $771,000 and the interest recovery of $2.5 million, net-interest margin totaled 3.90 percent for the quarter, just six basis points less than the first quarter of 2012 total of 3.96 percent.

Non-interest income totaled $13.9 million for the quarter, an increase from the 2012 first quarter total of $13.5 million after excluding the $9.1 million gain on the FDIC modified whole bank transaction. Non-interest expense totaled $34.7 million for the quarter, a 2 percent increase over the prior year's first quarter as salary and benefits expense increased by $1.4 million. The increase in salary and benefits came from increased salary expense of $237,000, incentive compensation expense of $616,000 and benefits expense of $583,000.

Provision expense totaled $2.1 million for the first quarter of 2013, compared to $4.9 million in 2012's first quarter. Net charge-offs totaled $2.9 million for the first quarter, down from $5.4 million in the first quarter of 2012. The allowance for loan losses totaled $68.5 million, or 2.36 percent of total loans and 147 percent of non-accrual loans. Non-performing assets declined by $31.4 million, or 32% year-over-year, and now total $65.3 million.

As of March 31, 2013, the Corporation's total risk-based capital equaled 15.91 percent, Tier 1 common risk-based capital equaled 10.20 percent, and tangible common equity ratio totaled 7.88 percent. The decline in the Corporation's total risk-based capital ratio is reflective of the $22.7 million SBLF redemption as reported on Form 8-K on January 8, 2013.

CONFERENCE CALL

First Merchants Corporation will conduct a first quarter earnings conference call and web cast at 2:30 p.m. (ET) on Thursday, April 25, 2013.

To participate, dial (Toll Free) 888-317-6016 and reference First Merchants Corporation’s first quarter earnings release. International callers please call +1 412-317-6016. A replay of the call will be available until April 25, 2014. To access a replay of the call, US participants should dial (Toll Free) 877-344-7529 or for International participants, dial +1 412-317-0088. The replay passcode is 10027147.

In order to view the web cast and presentation slides, please go to http://services.choruscall.com/links/frme130425.html during the time of the call.

During the call, Forward-Looking Statements about the relative business outlook may be made. These Forward-Looking Statements and all other statements made during the call that do not concern historical facts, are subject to risks and uncertainties that may materially affect actual results.

Specific Forward-Looking Statements include, but are not limited to, any indications regarding the Financial Services industry, the economy and future growth of the balance sheet or income statement.

Detailed financial results are reported on the attached pages.

About First Merchants Corporation

First Merchants Corporation is a financial holding company headquartered in Muncie, Indiana. The Corporation is comprised of First Merchants Bank, N.A., which also operates as Lafayette Bank & Trust, Commerce National Bank, and First Merchants Trust Company as divisions of First Merchants Bank, N.A. First Merchants Corporation also operates First Merchants Insurance Group, a full-service property casualty, personal lines, and healthcare insurance agency.

First Merchants Corporation’s common stock is traded on the NASDAQ Global Select Market System under the symbol FRME. Quotations are carried in daily newspapers and can be found on the company’s Internet web page (http://www.firstmerchants.com).

* * * *



CONSOLIDATED BALANCE SHEETS
(Dollars In Thousands)	March 31,
	2013			2012
ASSETS
Cash and cash equivalents	$	51,592		$	60,991
Interest-bearing time deposits	60,407			34,290
Investment securities	869,563			960,032
Mortgage loans held for sale	26,555			22,138
Loans	2,879,542			2,792,989
Less: Allowance for loan losses	(68,537		)	(70,369		)
Net loans	2,811,005			2,722,620
Premises and equipment	53,762			51,541
Federal Reserve and Federal Home Loan Bank stock	32,777			33,026
Interest receivable	15,346			16,730
Core deposit intangibles and goodwill	149,142			150,486
Cash surrender value of life insurance	126,098			123,355
Other real estate owned	13,130			15,628
Tax asset, deferred and receivable	27,597			32,112
Other assets	15,856			13,417
TOTAL ASSETS	$	4,252,830		$	4,236,366
LIABILITIES
Deposits:
Noninterest-bearing	$	763,965		$	677,643
Interest-bearing	2,546,843			2,601,935
Total Deposits	3,310,808			3,279,578
Borrowings:
Federal funds purchased				10,936
Securities sold under repurchase agreements	161,813			139,308
Federal Home Loan Bank advances	93,169			131,496
Subordinated debentures and term loans	111,778			115,969
Total Borrowings	366,760			397,709
Interest payable	1,348			2,094
Other liabilities	35,356			29,044
Total Liabilities	3,714,272			3,708,425
STOCKHOLDERS' EQUITY
Preferred Stock, no-par value, $1,000 liquidation value:
Authorized -- 500,000 shares
Senior Non-Cumulative Perpetual Preferred Stock, Series B
Issued and outstanding - 68,087 and 90,782.94 shares	68,087			90,783
Cumulative Preferred Stock, $1,000 par value, $1,000 liquidation value:
Authorized -- 600 shares
Issued and outstanding - 125 shares	125			125
Common Stock, $.125 stated value:
Authorized -- 50,000,000 shares
Issued and outstanding - 28,780,609 and 28,622,586 shares	3,598			3,578
Additional paid-in capital	256,966			255,116
Retained earnings	216,530			181,664
Accumulated other comprehensive loss	(6,748		)	(3,325		)
Total Stockholders' Equity	538,558			527,941
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$	4,252,830		$	4,236,366



CONSOLIDATED STATEMENTS OF INCOME	Three Months Ended
(Dollars In Thousands, Except Per Share Amounts)	March 31,
	2013			2012
INTEREST INCOME
Loans receivable:
Taxable	$	37,159		$	35,848
Tax-exempt	117			117
Investment securities:
Taxable	3,618			4,574
Tax-exempt	2,454			2,562
Deposits with financial institutions	19			25
Federal Reserve and Federal Home Loan Bank stock	371			343
Total Interest Income	43,738			43,469
INTEREST EXPENSE
Deposits	2,891			4,110
Federal funds purchased	11			12
Securities sold under repurchase agreements	194			295
Federal Home Loan Bank advances	459			994
Subordinated debentures and term loans	725			1,942
Total Interest Expense	4,280			7,353
NET INTEREST INCOME	39,458			36,116
Provision for loan losses	2,102			4,875
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES	37,356			31,241
OTHER INCOME
Service charges on deposit accounts	2,729			2,819
Fiduciary activities	2,107			1,983
Other customer fees	2,780			2,586
Commission income	2,172			1,667
Earnings on cash surrender value of life insurance	700			1,378
Net gains and fees on sales of loans	2,378			1,952
Net realized gains on sales of available for sale securities	248			789
Gain on FDIC modified whole bank transaction				9,124
Other income	763			360
Total Other Income	13,877			22,658
OTHER EXPENSES
Salaries and employee benefits	20,791			19,354
Net occupancy	2,602			2,651
Equipment	1,774			1,805
Marketing	467			442
Outside data processing fees	1,480			1,376
Printing and office supplies	331			267
Core deposit amortization	387			469
FDIC assessments	744			1,117
Other real estate owned and credit-related expenses	1,866			2,186
Other expenses	4,258			4,361
Total Other Expenses	34,700			34,028
INCOME BEFORE INCOME TAX	16,533			19,871
Income tax expense	4,668			5,500
NET INCOME	11,865			14,371
Preferred stock dividends	(857		)	(1,135		)
NET INCOME AVAILABLE TO COMMON STOCKHOLDERS	$	11,008		$	13,236
Per Share Data:
Basic Net Income Available to Common Stockholders	$	0.38		$	0.46
Diluted Net Income Available to Common Stockholders	$	0.38		$	0.46
Cash Dividends Paid	$	0.03		$	0.01
Average Diluted Shares Outstanding (in thousands)	28,971			28,755



FINANCIAL HIGHLIGHTS
(Dollars in thousands)	Three Months Ended
	March 31,
	2013			2012
NET CHARGE OFF'S	$	2,931		$	5,404

AVERAGE BALANCES:
Total Assets	$	4,248,955		$	4,202,955
Total Loans	2,910,116			2,763,887
Total Earning Assets	3,843,741			3,789,437
Total Deposits	3,316,711			3,163,432
Total Stockholders' Equity	533,797			517,774

FINANCIAL RATIOS:
Return on Average Assets	1.04		%	1.26		%
Return on Average Stockholders' Equity	8.25			10.23
Return on Average Common Stockholders' Equity	9.47			12.40
Average Earning Assets to Average Assets	90.46			90.16
Allowance for Loan Losses as % of Total Loans	2.36			2.50
Net Charge Off's as % of Average Loans (Annualized)	0.40			0.78
Average Stockholders' Equity to Average Assets	12.56			12.32
Tax Equivalent Yield on Earning Assets	4.70			4.74
Cost of Supporting Liabilities	0.45			0.78
Net Interest Margin (FTE) on Earning Assets	4.25			3.96



NON-PERFORMING ASSETS
(Dollars In Thousands)	March 31,			December 31,			September 30,			June 30,			March 31,
	2013			2012			2012			2012			2012
Non-Accrual Loans	$	46,761		$	53,399		$	56,999		$	63,127		$	74,456
Renegotiated Loans	5,445			12,681			6,871			3,921			6,695
Non-Performing Loans (NPL)	52,206			66,080			63,870			67,048			81,151
Other Real Estate Owned	13,130			13,263			13,780			14,183			15,628
Non-Performing Assets (NPA)	65,336			79,343			77,650			81,231			96,779
90+ Days Delinquent	959			2,037			1,974			665			253
NPAS & 90 Day Delinquent	$	66,295		$	81,380		$	79,624		$	81,896		$	97,032

Loan Loss Reserve	$	68,537		$	69,366		$	69,493		$	70,143		$	70,369
Quarterly Net Charge-offs	2,931			4,632			5,259			4,771			5,404
NPAs / Actual Assets %	1.54		%	1.84		%	1.83		%	1.92		%	2.28		%
NPAs & 90 Day / Actual Assets %	1.56		%	1.89		%	1.87		%	1.93		%	2.29		%
NPAs / Actual Loans and REO %	2.24		%	2.70		%	2.70		%	2.87		%	3.42		%
Loan Loss Reserves / Actual Loans (%)	2.36		%	2.37		%	2.43		%	2.49		%	2.50		%
Net Charge Off's as % of Average Loans (Annualized)	0.40		%	0.65		%	0.74		%	0.68		%	0.78		%



CONSOLIDATED BALANCE SHEETS
(Dollars In Thousands)	March 31,			December 31,			September 30,			June 30,			March 31,
	2013			2012			2012			2012			2012
ASSETS
Cash and cash equivalents	$	51,592		$	101,460		$	57,027		$	68,493		$	60,991
Interest-bearing time deposits	60,407			38,443			35,324			41,760			34,290
Investment securities	869,563			874,363			928,716			944,321			960,032
Mortgage loans held for sale	26,555			22,300			27,711			15,278			22,138
Loans	2,879,542			2,902,209			2,836,324			2,797,634			2,792,989
Less: Allowance for loan losses	(68,537		)	(69,366		)	(69,493		)	(70,143		)	(70,369		)
Net loans	2,811,005			2,832,843			2,766,831			2,727,491			2,722,620
Premises and equipment	53,762			52,749			51,373			51,335			51,541
Federal Reserve and Federal Home Loan Bank stock	32,777			32,785			32,824			33,033			33,026
Interest receivable	15,346			16,367			17,519			16,506			16,730
Core deposit intangibles and goodwill	149,142			149,529			150,019			150,006			150,486
Cash surrender value of life insurance	126,098			125,397			124,702			124,018			123,355
Other real estate owned	13,130			13,263			13,780			14,183			15,628
Tax asset, deferred and receivable	27,597			30,867			29,344			32,003			32,112
Other assets	15,856			14,455			14,998			13,996			13,417
TOTAL ASSETS	$	4,252,830		$	4,304,821		$	4,250,168		$	4,232,423		$	4,236,366
LIABILITIES
Deposits:
Noninterest-bearing	763,965			801,597			$	679,818		$	684,101		$	677,643
Interest-bearing	2,546,843			2,544,786			2,514,933			2,604,797			2,601,935
Total Deposits	3,310,808			3,346,383			3,194,751			3,288,898			3,279,578
Borrowings:
Federal funds purchased				18,862			57,024			652			10,936
Securities sold under repurchase agreements	161,813			141,828			153,454			160,127			139,308
Federal Home Loan Bank advances	93,169			94,238			145,467			96,847			131,496
Subordinated debentures and term loans	111,778			112,161			112,169			115,951			115,969
Total Borrowings	366,760			367,089			468,114			373,577			397,709
Interest payable	1,348			1,841			1,591			2,168			2,094
Other liabilities	35,356			37,272			38,857			32,104			29,044
Total Liabilities	3,714,272			3,752,585			3,703,313			3,696,747			3,708,425
STOCKHOLDERS' EQUITY
Preferred Stock, no-par value, $1,000 liquidation value:
Authorized -- 500,000 shares
Senior Non-Cumulative Perpetual Preferred Stock, Series B
Issued and outstanding	68,087			90,783			90,783			90,783			90,783
Cumulative Preferred Stock, $1,000 par value, $1,000 liquidation value:
Authorized -- 600 shares
Issued and outstanding	125			125			125			125			125
Common Stock, $.125 stated value:
Authorized -- 50,000,000 shares
Issued and outstanding	3,598			3,587			3,584			3,580			3,578
Additional paid-in capital	256,966			256,843			256,290			255,632			255,116
Retained earnings	216,530			206,397			198,094			188,863			181,664
Accumulated other comprehensive loss	(6,748		)	(5,499		)	(2,021		)	(3,307		)	(3,325		)
Total Stockholders' Equity	538,558			552,236			546,855			535,676			527,941
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$	4,252,830		$	4,304,821		$	4,250,168		$	4,232,423		$	4,236,366



CONSOLIDATED STATEMENTS OF INCOME
(Dollars In Thousands, Except Per Share Amounts)	March 31,			December 31,			September 30,			June 30,			March 31,
	2013			2012			2012			2012			2012
INTEREST INCOME
Loans receivable:
Taxable	$	37,159		$	36,085		$	38,160		$	36,652		$	35,848
Tax-exempt	117			122			118			123			117
Investment securities:
Taxable	3,618			3,809			4,176			4,468			4,574
Tax-exempt	2,454			2,544			2,532			2,551			2,562
Deposits with financial institutions	19			31			16			28			25
Federal Reserve and Federal Home Loan Bank stock	371			373			345			347			343
Total Interest Income	43,738			42,964			45,347			44,169			43,469
INTEREST EXPENSE
Deposits	2,891			3,234			3,517			3,939			4,110
Federal funds purchased	11			7			38			12			12
Securities sold under repurchase agreements	194			204			211			197			295
Federal Home Loan Bank advances	459			501			492			637			994
Subordinated debentures and term loans	725			753			1,187			1,331			1,942
Total Interest Expense	4,280			4,699			5,445			6,116			7,353
NET INTEREST INCOME	39,458			38,265			39,902			38,053			36,116
Provision for loan losses	2,102			4,505			4,609			4,545			4,875
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES	37,356			33,760			35,293			33,508			31,241
OTHER INCOME
Service charges on deposit accounts	2,729			2,962			2,913			2,893			2,819
Fiduciary activities	2,107			1,984			1,986			1,938			1,983
Other customer fees	2,780			2,757			2,740			3,150			2,586
Commission income	2,172			1,454			1,618			1,485			1,667
Earnings on cash surrender value of life insurance	700			693			685			662			1,378
Net gains and fees on sales of loans	2,378			3,513			2,849			2,314			1,952
Net realized gains on sales of available for sale securities	248			255			843			502			789
Gain on FDIC modified whole bank transaction													9,124
Other income	763			588			639			221			360
Total Other Income	13,877			14,206			14,273			13,165			22,658
OTHER EXPENSES
Salaries and employee benefits	20,791			20,320			20,083			19,641			19,354
Net occupancy	2,602			2,494			2,568			2,473			2,651
Equipment	1,774			1,942			1,798			1,656			1,805
Marketing	467			616			536			564			442
Outside data processing fees	1,480			1,361			1,413			1,506			1,376
Printing and office supplies	331			321			287			294			267
Core deposit amortization	387			489			489			480			469
FDIC assessments	744			738			792			862			1,117
Other real estate owned and credit-related expenses	1,866			1,766			2,104			2,122			2,186
Other expenses	4,258			4,456			4,334			4,582			4,361
Total Other Expenses	34,700			34,503			34,404			34,180			34,028
INCOME BEFORE INCOME TAX	16,533			13,463			15,162			12,493			19,871
Income tax expense	4,668			3,153			3,926			3,288			5,500
NET INCOME	11,865			10,310			11,236			9,205			14,371
Preferred stock dividends	(857		)	(1,135		)	(1,134		)	(1,135		)	(1,135		)
NET INCOME AVAILABLE TO COMMON STOCKHOLDERS	$	11,008		$	9,175		$	10,102		$	8,070		$	13,236

Per Share Data:
Basic Net Income Available to Common Stockholders	$	0.38		$	0.32		$	0.35		$	0.29		$	0.46
Diluted Net Income Available to Common Stockholders	$	0.38		$	0.32		$	0.35		$	0.28		$	0.46
Cash Dividends Paid	$	0.03		$	0.03		$	0.03		$	0.03		$	0.01
Average Diluted Shares Outstanding (in thousands)	28,971			28,930			28,888			28,815			28,755
FINANCIAL RATIOS:
Return on Average Assets	1.04		%	0.85		%	0.95		%	0.76		%	1.26		%
Return on Average Stockholders' Equity	8.25			6.66			7.47			6.07			10.23
Return on Average Common Stockholders' Equity	9.47			7.97			8.98			7.32			12.40
Average Earning Assets to Average Assets	90.46			90.28			90.36			90.30			90.16
Allowance for Loan Losses as % of Total Loans	2.36			2.37			2.43			2.49			2.50
Net Charge Off's as % of Average Loans (Annualized)	0.40			0.65			0.74			0.68			0.78
Average Stockholders' Equity to Average Assets	12.56			12.84			12.77			12.51			12.32
Tax Equivalent Yield on Earning Assets	4.70			4.58			4.89			4.75			4.74
Cost of Supporting Liabilities	0.45			0.48			0.57			0.64			0.78
Net Interest Margin (FTE) on Earning Assets	4.25			4.10			4.32			4.11			3.96



LOANS
(Dollars In Thousands)	March 31,			December 31,			September 30,			June 30,			March 31,
	2013			2012			2012			2012			2012
Commercial and industrial loans	$	637,952		$	622,579		$	592,517		$	552,353		$	546,304
Agricultural production financing and other loans to farmers	104,284			112,527			107,166			106,135			97,165
Real estate loans:
Construction	75,877			98,639			93,610			99,588			92,694
Commercial and farm land	1,280,611			1,266,682			1,241,054			1,219,114			1,229,195
Residential	467,629			473,537			475,272			480,917			498,354
Home Equity	201,767			203,406			204,888			207,250			210,564
Individuals' loans for household and other personal expenditures	73,314			75,748			77,171			83,933			78,711
Lease financing receivables, net of unearned income	2,013			2,590			2,970			2,976			3,112
Other loans	36,095			46,501			41,676			45,368			36,890
Loans	2,879,542			2,902,209			2,836,324			2,797,634			2,792,989
Allowance for loan losses	(68,537		)	(69,366		)	(69,493		)	(70,143		)	(70,369		)
NET LOANS	$	2,811,005		$	2,832,843		$	2,766,831		$	2,727,491		$	2,722,620



DEPOSITS
(Dollars In Thousands)	March 31,		December 31,		September 30,		June 30,		March 31,
	2013		2012		2012		2012		2012
Demand deposits	$	1,590,709	$	1,646,756	$	1,455,568	$	1,521,194	$	1,470,938
Savings deposits	891,061		831,952		837,409		822,299		801,935
Certificates and other time deposits of $100,000 or more	224,505		236,470		256,077		261,156		269,796
Other certificates and time deposits	481,446		502,927		527,304		546,182		566,934
Brokered deposits	123,087		128,278		118,393		138,067		169,975
TOTAL DEPOSITS	$	3,310,808	$	3,346,383	$	3,194,751	$	3,288,898	$	3,279,578