Certificates of deposit reflect contractual maturities only. Money market accounts are rate sensitive and  accordingly  a higher percentage of the accounts have been included as repricing immediately in the first period. Savings  and NOW accounts are not as rate sensitive as money market accounts and for that reason a significant percentage of the  accounts are reflected in the 1-to-5 year category.  We have been successful in meeting the interest sensitivity objectives set forth in our policy. This has been  accomplished primarily by managing the assets and liabilities while maintaining our traditional high credit standards.  INTEREST-EARNING ASSETS AND INTEREST-BEARING LIABILITIES REPRICING SCHEDULE ("GAP" TABLE)  60  As of December 31  2012 3 months or  less 3 to 12  months 1 to 5 years Over 5  years Total (Dollars in thousands) Interest-earning assets: Investment securities 14 009 $ 17 031 $ 105 898 $ 81 600 $ 218 538 $ Loans 64 817 136 433 107 800 14 027 323 077 Total interest-earning assets 78 826 $ 153 464 $ 213 698 $ 95 627 $ 541 615 $ Interest-bearing liabilities: Certificates of deposit 39 285 $ 76 478 $ 55 063 $ 109 $ 170 935 $ Money market and NOW accounts - 15 006 175 303 - 190 309 Savings accounts - - 45 365 - 45 365 Borrowed money 24 250 27 10 145 25 545 59 967 Total interest-bearing liabilities 63 535 $ 91 511 $ 285 876 $ 25 654 $ 466 576 $ Interest sensitivity gap per period 15 291 $ 61 953 $ (72 178) $ 69 973 $ 75 039 $ Cumulative interest sensitivity gap 15 291 77 244 5 066 75 039 Cumulative gap as a percent of total interest-earning assets 2.82% 14.26% 0.94% 13.85% Cumulative interest sensitive assets as a percent of cumulative interest sensitive liabilities 124.07% 149.82% 101.15% 116.08%