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Deposits (Tables)
6 Months Ended
Jun. 30, 2016
Deposits [Abstract]  
Summary of Outstanding Balance of Deposits and Average Rates

The following table summarizes the outstanding balance of deposits and average rates paid thereon as of:

 

 

 

June 30, 2016

 

 

December 31, 2015

 

(dollars in thousands)

 

Amount

 

 

Weighted
Average Rate

 

 

Amount

 

 

Weighted
Average Rate

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Demand deposits:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Noninterest-bearing

 

$

750,661

 

 

 

 

 

$

299,794

 

 

 

 

Interest-bearing

 

 

220,802

 

 

 

0.488

%

 

 

260,167

 

 

 

0.359

%

Money market and savings

 

 

710,148

 

 

 

0.666

%

 

 

492,015

 

 

 

0.531

%

Certificates of deposits

 

 

583,985

 

 

 

0.562

%

 

 

470,200

 

 

 

0.554

%

Total

 

$

2,265,596

 

 

 

0.401

%

 

$

1,522,176

 

 

 

0.404

%