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Deposits
12 Months Ended
Dec. 31, 2014
Banking and Thrift [Abstract]  
Deposits

13. DEPOSITS

The table below summarizes deposits by type:

 

    December 31, 2014     December 31, 2013  
    (Dollars in thousands)  

Noninterest-bearing deposits

       

Demand deposits

    $ 2,866,365        51.1     $ 2,562,980        52.4

Interest-bearing deposits

       

Savings deposits

    1,962,086        35.0     1,646,111        33.7

Time deposits

    776,207        13.9     681,540        13.9
 

 

 

   

 

 

   

 

 

   

 

 

 

Total deposits

    $       5,604,658            100.0     $       4,890,631            100.0
 

 

 

   

 

 

   

 

 

   

 

 

 

Time deposits with balances of $100,000 or more amounted to approximately $702.4 million and $611.9 million at December 31, 2014 and 2013, respectively. Interest expense on such deposits amounted to approximately $1.1 million, $1.1 million, and $1.5 million, for the years ended December 31, 2014, 2013 and 2012, respectively.

 

At December 31, 2014, the scheduled maturities of time certificates of deposit are as follows:

 

Year of maturity:

   December 31, 2014  
     (Dollars in thousands)  

2015

     $ 752,149   

2016

     15,506   

2017

     1,610   

2018

     856   

2019 and thereafter

     6,086   
  

 

 

 

Total

     $                                          776,207   
  

 

 

 

At December 31, 2014, the Company had a single public depositor with certificates of deposit balances of approximately $280.0 million. These certificates mature January through March 2015.