DEPOSITS

3 Months Ended

Sep. 30, 2013

NOTE 13 – DEPOSITS

The following table summarizes deposit balances:
	September 30,			December 31,
	2013		2012
	(In thousands)

Type of account:
Non-interest bearing checking accounts	$	845,917	$	837,387
Savings accounts		2,356,318		2,295,766
Interest-bearing checking accounts		1,147,025		1,108,053
Certificates of deposit		2,424,395		2,248,896
Brokered certificates of deposit		3,180,542		3,374,444
	$	9,954,197	$	9,864,546

Brokered certificates of deposit mature as follows:

	September 30,
	2013
	(In thousands)

Three months or less	$	411,531
Over three months to six months		380,847
Over six months to one year		838,678
One to three years		1,324,887
Three to five years		219,306
Over five years		5,293
Total	$	3,180,542

The following are the components of interest expense on deposits:

	Quarter Ended				Nine-Month Period Ended
	September 30,				September 30,
	2013			2012	2013			2012
	(In thousands)				(In thousands)

Interest expense on deposits	$	19,541	$	27,653	$	64,821	$	92,569
Amortization of broker placement fees		1,912		2,300		6,094		7,607
Interest expense on deposits	$	21,453	$	29,953	$	70,915	$	100,176

- Definition

The entire disclosure for deposit liabilities including data and tables. It may include a description of the entity's deposit liabilities, the aggregate amount of time deposits (including certificates of deposit) in denominations of $100,000 or more at the balance sheet date; the aggregate amount of any demand deposits that have been reclassified as loan balances, such as overdrafts, at the balance sheet date; deposits that are received on terms other than those in the normal course of business, the amount of accrued interest on deposit liabilities; securities, mortgage loans or other financial instruments that serve as collateral for deposits; for time deposits having a remaining term of more than one year, the aggregate amount of maturities for each of the five years following the balance sheet date; and the weighted average interest rate for all deposit liabilities held by the entity.

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