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DEPOSITS
6 Months Ended
Jun. 30, 2020
Deposits [Abstract]  
Deposits

Note 7 – Deposits

The following table presents the composition of deposits at the dates indicated:

(In thousands)

 

June 30, 2020

 

December 31, 2019

Noninterest-bearing deposits

 

$

3,434,038

 

$

1,892,052

Interest-bearing deposits:

 

 

 

 

 

 

 

Demand

 

 

1,142,475

 

 

836,433

 

Money market savings

 

 

2,945,990

 

 

1,839,593

 

Regular savings

 

 

387,636

 

 

329,919

 

Time deposits of less than $100,000

 

 

585,539

 

 

463,431

 

Time deposits of $100,000 or more

 

 

1,581,156

 

 

1,078,891

 

 

Total interest-bearing deposits

 

 

6,642,796

 

 

4,548,267

 

 

 

Total deposits

 

$

10,076,834

 

$

6,440,319

The table above includes $2.3 billion of deposits added from the Revere acquisition, including approximately $752.4 million of certificates of deposit with a fair value premium adjustment of $14.7 million amortizing over a total life of 5 years.