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DEPOSITS (Tables)
9 Months Ended
Sep. 30, 2020
Deposits [Abstract]  
Schedule of Details of Total Deposits

The following table sets forth the details of total deposits as of September 30, 2020 and December 31, 2019:

 

 

 

September 30,

 

 

December 31,

 

 

 

2020

 

 

2019

 

(Dollars in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Noninterest-bearing demand deposits

 

$

838,307

 

 

 

17.25

%

 

$

529,281

 

 

 

12.47

%

Interest-bearing checking (1)

 

 

1,858,529

 

 

 

38.25

 

 

 

1,510,363

 

 

 

35.59

 

Savings

 

 

127,737

 

 

 

2.63

 

 

 

112,652

 

 

 

2.66

 

Money market

 

 

1,251,349

 

 

 

25.75

 

 

 

1,196,313

 

 

 

28.19

 

Certificates of deposit - retail

 

 

586,801

 

 

 

12.08

 

 

 

633,763

 

 

 

14.94

 

Certificates of deposit - listing service

 

 

32,677

 

 

 

0.67

 

 

 

47,430

 

 

 

1.12

 

Subtotal deposits

 

 

4,695,400

 

 

 

96.63

 

 

 

4,029,802

 

 

 

94.97

 

Interest-bearing demand - Brokered

 

 

130,000

 

 

 

2.68

 

 

 

180,000

 

 

 

4.24

 

Certificates of deposit - Brokered

 

 

33,750

 

 

 

0.69

 

 

 

33,709

 

 

 

0.79

 

Total deposits

 

$

4,859,150

 

 

 

100.00

%

 

$

4,243,511

 

 

 

100.00

%

 

(1)

Interest-bearing checking includes $658.0 million at September 30, 2020 and $423.8 million at December 31, 2019 of reciprocal balances in the Reich & Tang or Promontory Demand Deposit Marketplace program.

Scheduled Maturities of Time Deposits

 

The scheduled maturities of certificates of deposit, including brokered certificates of deposit, as of September 30, 2020 are as follows:

 

(In thousands)

 

 

 

 

2020

 

$

163,537

 

2021

 

 

362,644

 

2022

 

 

60,270

 

2023

 

 

9,154

 

2024

 

 

28,379

 

Over 5 Years

 

 

29,244

 

Total

 

$

653,228