Note 8 - Deposits

12 Months Ended

Dec. 31, 2018

Notes to Financial Statements

Deposit Liabilities Disclosures [Text Block]

8. Deposits

The following table displays deposit balances as of

December 31, 2018,

and

December 31, 2017:

	As of December 31,
	2018		2017
	(In thousands)
Demand	$	2,857,443	$	2,783,127
NOW accounts		1,365,763		1,410,519
Money market accounts		2,027,404		2,248,271
Saving accounts		738,656		857,199
Time deposits		6,713,074		5,390,777
Total	$	13,702,340	$	12,689,893

Time deposits outstanding as of

December 31, 2018,

mature as follows.

	Expected Maturity Date at December 31,
	2019		2020		2021		2022		2023		Thereafter		Total
	(In thousands)
Time deposits	$	5,639,064	$	538,309	$	497,601	$	719	$	37,370	$	11	$	6,713,074

Accrued interest payable on customer deposits was

$10.5

million at

December 31, 2018,

$4.4

million at

December 31, 2017,

and

$2.9

million at

December 31, 2016.

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

December 31, 2018,

2017,

and

2016:

	Year Ended December 31,
	2018		2017		2016
	(In thousands)
Interest bearing demand	$	2,718	$	2,242	$	1,740
Money market accounts		16,202		15,062		13,308
Saving accounts		1,583		1,772		1,046
Time deposits		86,368		46,768		43,327
Total	$	106,871	$	65,844	$	59,421

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

$250,000

was

$2.8

billion and

$1.9

billion as of

December 31, 2018

and

2017,

respectively. Foreign offices time deposits of

$174.4

million and

$152.0

million as of

December 31, 2018

and

2017,

respectively, were in denominations of

$250,000

or more.