DEPOSITS

6 Months Ended

Jun. 30, 2022

Deposits [Abstract]

DEPOSITS [Text Block]

NOTE 8 – DEPOSITS

The following table summarizes deposit balances as of the indicated dates:
	June 30, 2022		December 31, 2021
(In thousands)
Type of account:
Non-interest-bearing deposit accounts	$	6,286,922	$	7,027,513
Interest-bearing saving accounts		4,515,416		4,729,387
Interest-bearing checking accounts		4,137,295		3,492,645
Certificates of deposit ("CDs")		2,126,376		2,434,932
Brokered CDs		74,119		100,417
Total	$	17,140,128	$	17,784,894

The following table presents the contractual maturities of CDs, including brokered CDs, as of June 30, 2022:
		Total
(In thousands)
Three months or less	$	572,584
Over three months to six months		381,963
Over six months to one year		584,351
Over one year to two years		357,337
Over two years to three years		160,362
Over three years to four years		59,798
Over four years to five years		77,232
Over five years		6,868
Total	$	2,200,495

The following were the components of interest expense on deposits for the indicated periods:
		Quarter Ended June 30,				Six-Month Period Ended June 30,
		2022			2021	2022			2021
(In thousands)
Interest expense on deposits		$	7,757	$	11,117	$	15,574	$	23,842
Accretion of premiums from acquisitions			(92)		(390)		(292)		(846)
Amortization of broker placement fees			29		55		64		128
	Total interest expense on deposits	$	7,694	$	10,782	$	15,346	$	23,124

Total U.S. time deposits with balances of more than $250,000 amounted to $852.0 million and $990.2 million as of June 30, 2022 and December 31, 2021, respectively. This amount does not include brokered CDs that are generally participated out by brokers in shares of less than the FDIC insurance limit. As of June 30, 2022 and December 31, 2021 unamortized broker placement fees amounted to $0.1 million and $0.2 million, respectively, which are amortized over the contractual maturity of the brokered CDs under the interest method.