Print edition: 
Deposits in the Wichita area contracted year over year, according to a report from the Federal Deposit Insurance Corp. released this week.
The FDIC's Deposit Market Share report for the year ended June 30 showed that the total amount of bank deposits decreased 0.9 percent to $11.3 billion for the Metropolitan Statistical Area — Butler, Harvey, Sedgwick and Sumner counties.
That's a decline of $101,282 from a year ago, according to the report.
There was one fewer bank operating in the MSA, for a total of 56 banks compared with last year.
That was because Emprise Bank closed in March on its acquisition of Tonganoxie-based First State Bank & Trust's branch in Clearwater.
There was only a little movement among area banks in the Top 10 of market share, which is measured by deposits.
Andover-based Equity Bank moved one spot higher, to No. 9, while Rose Hill Bank fell to No. 10.
Equity CEO Brad Elliott attributes the increase to market familiarity and customer service.
"I actually think that's true," he said. "If you look at where we were at seven years ago we weren't even in the top 25."
The difference, according to the report, was Equity had about $8.4 million more in deposits.
One of the biggest movers on the report was Simmons First National Bank.
The $1.5 billion Pine Bluff, Ark.-based bank acquired the assets of Olathe-based Security Savings Bank, which regulators closed last year.
The asset sale included Security's two Wichita branches.
Those branches accounted for $128 million in deposits, according to the June 2010 report.
This year, Simmons First had just $40.8 million in deposits.
Andrea Scarpelli, community bank president for Simmons First's Kansas region, said the decline happened with the ownership change.
While Security was chartered as a thrift and as such funded a lot of its business through offering long-term certificates of deposit, Simmons First, chartered as a national bank, does not.
"We're moving away from longer-term time deposits as our funding source," she said.
