Interest-Bearing Deposits |
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Dec. 31, 2018 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Deposits [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Interest-Bearing Deposits | Interest-Bearing Deposits Components of interest-bearing deposits at December 31 were as follows:
Interest-bearing deposits at December 31, 2018 and 2017, include allocations from interest-bearing demand deposit accounts of $952.1 million and $919.1 million, respectively, into savings, which includes money market accounts. These reallocations are based on a formula and have been made to reduce First Commonwealth’s reserve requirement in compliance with regulatory guidelines. Included in time deposits at December 31, 2018 and 2017, were certificates of deposit in denominations of $250 thousand or more of $140.2 million and $61.5 million, respectively. Interest expense related to certificates of deposit in denominations of $250 thousand or greater amounted to $1.6 million in 2018, $0.5 million in 2017 and $0.5 million in 2016. Included in time deposits at December 31, 2018, were certificates of deposit with the following scheduled maturities (dollars in thousands):
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