Schedule of Deposits |
|
June 30, |
|
|
|
2018 |
|
|
|
2017 |
|
|
|
Balance |
|
|
Weighted
Average
Interest Rate |
|
|
|
Balance |
|
|
Weighted
Average
Interest Rate |
|
|
|
(Dollars in Thousands) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Non-interest-bearing demand |
$ |
311,938 |
|
|
|
0.00 |
|
% |
|
$ |
267,412 |
|
|
|
0.00 |
|
% |
Interest-bearing demand (1) |
|
1,000,989 |
|
|
|
0.92 |
|
|
|
|
847,400 |
|
|
|
0.54 |
|
|
Savings and club |
|
744,039 |
|
|
|
0.36 |
|
|
|
|
523,981 |
|
|
|
0.12 |
|
|
Certificates of deposits (2) |
|
2,016,638 |
|
|
|
1.62 |
|
|
|
|
1,290,952 |
|
|
|
1.35 |
|
|
Total deposits |
$ |
4,073,604 |
|
|
|
1.09 |
|
% |
|
$ |
2,929,745 |
|
|
|
0.77 |
|
% |
(1) |
Interest-bearing demand deposits at June 30, 2018 and June 30, 2017 include $210.8 million and $222.6 million, respectively, of brokered deposits at a weighted average interest rate of 2.09% and 1.06%, excluding cost of interest rate derivatives used to hedge interest expense. |
(2) |
Certificates of deposit at June 30, 2018 and June 30, 2017 include $84.3 million and $21.6 million, respectively, of brokered deposits at a weighted average interest rate of 1.95% and 2.15%. |
Note 11 – Deposits (continued)
|
Certificates of Deposit by Maturity |
A summary of certificates of deposit by maturity follows:
|
|
|
June 30, |
|
|
|
|
|
2018 |
|
|
|
2017 |
|
|
|
|
(In Thousands) |
|
|
|
|
|
|
|
|
|
|
|
One year or less |
|
|
$ |
1,123,977 |
|
|
$ |
610,647 |
|
After one year to two years |
|
|
|
493,166 |
|
|
|
354,743 |
|
After two years to three years |
|
|
|
199,289 |
|
|
|
137,240 |
|
After three years to four years |
|
|
|
101,276 |
|
|
|
99,974 |
|
After four years to five years |
|
|
|
81,355 |
|
|
|
81,882 |
|
After five years |
|
|
|
17,575 |
|
|
|
6,466 |
|
Total certificates of deposit |
|
|
$ |
2,016,638 |
|
|
$ |
1,290,952 |
|
|