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## Note 18 - Deposits and Related Interest >. 

Deposits and related interest consist of the following: 

<img src='content_image/15465.jpg'>

The weighted average interest rate on total deposits at December 31, 2001 and 2000 was 3.82% and 5.83%, respectively. 

At December 31, 2001, the aggregate amount of overdraft in demand deposits that were reclassified as loans amounted to $7,807,724 (2000 - $4,106,412). 

The following table presents a summary of certificates of deposits with remaining term of more than one year at December 31, 2001: 

<img src='content_image/15464.jpg'>

At December 31, 2001 certificates of deposit (CD’s) in denominations of $100,000 or higher amounted to $2,669,536,603 (2000 - $1,995,730,680) including brokered certificates of deposit of $2,189,687,222 (2000 - $1,499,104,222) at a weighted average rate of 4.0% (2000 - 6.60%). 

At December 31, 2001, deposit accounts issued to government agencies with a carrying value of $63,639,152 (2000 - $101,661,753) were collater- alized by securities with a carrying value of $75,126,925 (2000 - $106,917,690) and estimated market value of $71,979,923 (2000 - $104,868,113) and by specific mortgage loans with a carrying value of $2,895,723 (2000 - $3,539,882) and estimated market value of $3,370,043 (2000 - $3,882,189). 

A table showing interest expense on deposits follows: 

<img src='content_image/15466.jpg'>

