Note 8: Deposits

12 Months Ended

Dec. 31, 2015

Notes

Note 8: Deposits

Note 8:      Deposits

Deposits at December 31, 2015 and 2014, are summarized as follows:

	Weighted Average
	Interest Rate	2015	2014
(In Thousands, Except Interest Rates)
Noninterest-bearing accounts	--	$571,629	$518,266
Interest-bearing checking and
savings accounts	0.24% - 0.19%	1,408,850	1,375,100
		1,980,479	1,893,366
Certificate accounts	0% - 0.99%	863,865	798,932
	1% - 1.99%	381,956	227,476
	2% - 2.99%	39,592	61,146
	3% - 3.99%	1,137	8,065
	4% - 4.99%	1,304	1,435
	5% and above	293	420
		1,288,147	1,097,474
		$3,268,626	$2,990,840

The weighted average interest rate on certificates of deposit was 0.85% and 0.78% at December 31, 2015 and 2014, respectively.

The aggregate amount of certificates of deposit originated by the Bank in denominations greater than $100,000 was approximately $493.6 million and $402.0 million at December 31, 2015 and 2014, respectively.  The Bank utilizes brokered deposits as an additional funding source.  The aggregate amount of brokered deposits was approximately $283.7 million and $173.5 million at December 31, 2015 and 2014, respectively.

At December 31, 2015, scheduled maturities of certificates of deposit were as follows:

	Retail	Brokered	Total
(In Thousands)
2016	$727,380	$202,089	$929,469
2017	186,133	79,267	265,400
2018	57,968	2,392	60,360
2019	12,536	--	12,536
2020	15,644	--	15,644
Thereafter	4,738	--	4,738
	$1,004,399	$283,748	$1,288,147

A summary of interest expense on deposits for the years ended December 31, 2015, 2014 and 2013, is as follows:

	2015	2014	2013
(In Thousands)
Checking and savings accounts	$2,858	$3,088	$3,551
Certificate accounts	10,739	8,264	8,871
Early withdrawal penalties	(86)	(127)	(76)
	$13,511	$11,225	$12,346