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DEPOSITS (Tables)
6 Months Ended
Jun. 30, 2022
Deposits [Abstract]  
Summary of Deposit Balances [Table Text Block]

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

Schedule of contractual maturities of CDs

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

 

 

 

Schedule of Interest Expenses on Deposits [Table Text Block]

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