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Deposits Deposits (Tables)
12 Months Ended
Dec. 31, 2019
Banking and Thrift [Abstract]  
Summary of Average Balances and Weighted Average Rates Paid on Deposits
The following table presents average balances and weighted average rates paid on deposits for the years ended December 31, 2019, 2018 and 2017 (dollars in thousands):
 
2019
 
2018
 
2017
 
Average
Balance
 
Average
Rate Paid
 
Average
Balance
 
Average
Rate Paid
 
Average
Balance
 
Average
Rate Paid
Demand deposits:
 

 
 

 
 

 
 

 
 

 
 

Non-interest bearing
$
3,950,612

 
%
 
$
3,389,191

 
%
 
$
3,069,565

 
%
Interest bearing
1,824,803

 
1.37
%
 
1,627,828

 
1.13
%
 
1,586,390

 
0.81
%
Money market
10,716,274

 
1.84
%
 
10,350,772

 
1.41
%
 
9,364,498

 
0.85
%
Savings
206,545

 
0.24
%
 
284,198

 
0.26
%
 
365,603

 
0.21
%
Time
6,928,499

 
2.34
%
 
6,617,006

 
1.81
%
 
6,094,336

 
1.27
%
 
$
23,626,733

 
1.63
%
 
$
22,268,995

 
1.28
%
 
$
20,480,392

 
0.83
%

Deposit Liabilities Disclosures [Text Block]
Note 6    Deposits
The following table presents average balances and weighted average rates paid on deposits for the years ended December 31, 2019, 2018 and 2017 (dollars in thousands):
 
2019
 
2018
 
2017
 
Average
Balance
 
Average
Rate Paid
 
Average
Balance
 
Average
Rate Paid
 
Average
Balance
 
Average
Rate Paid
Demand deposits:
 

 
 

 
 

 
 

 
 

 
 

Non-interest bearing
$
3,950,612

 
%
 
$
3,389,191

 
%
 
$
3,069,565

 
%
Interest bearing
1,824,803

 
1.37
%
 
1,627,828

 
1.13
%
 
1,586,390

 
0.81
%
Money market
10,716,274

 
1.84
%
 
10,350,772

 
1.41
%
 
9,364,498

 
0.85
%
Savings
206,545

 
0.24
%
 
284,198

 
0.26
%
 
365,603

 
0.21
%
Time
6,928,499

 
2.34
%
 
6,617,006

 
1.81
%
 
6,094,336

 
1.27
%
 
$
23,626,733

 
1.63
%
 
$
22,268,995

 
1.28
%
 
$
20,480,392

 
0.83
%

Time deposit accounts with balances of $100,000 or more totaled approximately $3.5 billion and $4.1 billion at December 31, 2019 and 2018, respectively. Time deposit accounts with balances of $250,000 or more totaled $1.9 billion and $2.4 billion at December 31, 2019 and 2018, respectively.
The following table presents maturities of time deposits as of December 31, 2019 (in thousands):
Maturing in:
 
2020
$
7,196,988

2021
106,416

2022
24,289

2023
17,898

2024
1,656

 
$
7,347,247


Included in deposits at December 31, 2019 are public funds deposits of $2.6 billion and brokered deposits of $3.7 billion. Investment securities available for sale with a carrying value of $1.0 billion were pledged as security for public funds deposits at December 31, 2019.
Interest expense on deposits for the years ended December 31, 2019, 2018 and 2017 was as follows (in thousands):
 
2019
 
2018
 
2017
Interest bearing demand
$
25,054

 
$
18,391

 
$
12,873

Money market
197,445

 
145,585

 
79,645

Savings
497

 
739

 
752

Time
162,184

 
119,848

 
77,663

 
$
385,180

 
$
284,563

 
$
170,933