Note 8 - Deposits

12 Months Ended

Dec. 31, 2016

Notes to Financial Statements

Deposit Liabilities Disclosures [Text Block]

8. Deposits

The following table displays deposit balances as of

December

31,

2016,

and

December

31,

2015:

	As of December 31,
	2016		2015
	(In thousands)
Demand	$	2,478,107	$	2,033,048
NOW accounts		1,230,445		966,404
Money market accounts		2,198,938		1,905,719
Saving accounts		719,949		618,164
Time deposits		5,047,287		4,985,752
Total	$	11,674,726	$	10,509,087

Time deposits outstanding as of

December

31,

2016,

mature as follows.

	Expected Maturity Date at December 31,
	2017		2018		2019		2020		2021		Thereafter		Total
	(In thousands)
Time deposits	$	4,597,359	$	371,713	$	75,266	$	2,899	$	39	$	11	$	5,047,287

Accrued interest payable on customer deposits was

$2.9

million at

December

31,

2016,

$3.4

million at

December

31,

2015,

and

$2.3

million at

December

31,

2014.

The following table summarizes the interest expense on deposits by account type for the years ended

December

31,

2016,

2015,

and

2014:

	Year Ended December 31,
	2016		2015		2014
	(In thousands)
Interest bearing demand	$	1,740	$	1,406	$	1,229
Money market accounts		13,308		10,138		8,627
Saving accounts		1,046		901		802
Time deposits		43,327		39,443		35,111
Total	$	59,421	$	51,888	$	45,769

The aggregate amount of domestic time deposits in denominations that meet or exceed the current FDIC insurance limit of

$250,000

was

$1.8

billion and

$1.6

billion as of

December

31,

2016

and

2015,

respectively. Foreign offices time deposits of

$137.7

million and

$181.8

million as of

December

31,

2016

and

2015,

respectively, were in denominations of

$250,000

or more.