Deposits

3 Months Ended

Mar. 31, 2020

Disclosure Text Block

Deposits

Note 15 – Deposits

Total interest bearing deposits as of the end of the periods presented consisted of:

(In thousands)		March 31, 2020		December 31, 2019
Savings accounts		$	10,801,188	$	10,618,629
NOW, money market and other interest bearing demand deposits			16,071,715		16,305,007
Total savings, NOW, money market and other interest bearing demand deposits			26,872,903		26,923,636
Certificates of deposit:
	Under $100,000		3,088,350		3,133,840
	$100,000 and over		5,439,474		4,540,957
Total certificates of deposit			8,527,824		7,674,797
Total interest bearing deposits		$	35,400,727	$	34,598,433

A summary of certificates of deposit by maturity at March 31, 2020 follows:

(In thousands)
2020	$	4,906,644
2021		1,431,390
2022		770,852
2023		546,596
2024		592,903
2025 and thereafter		279,439
Total certificates of deposit	$	8,527,824

At March 31, 2020, the Corporation had brokered deposits amounting to $ 0.6 billion (December 31, 2019 - $ 0.5 billion).

The aggregate amount of overdrafts in demand deposit accounts that were reclassified to loans was $5 million at March 31, 2020 (December 31, 2019 - $4 million).