Note 7 - Deposits

12 Months Ended

Dec. 31, 2019

Notes to Financial Statements

Deposit Liabilities Disclosures [Text Block]

7. Deposits

The following table displays deposit balances as of December 31, 2019, and December 31, 2018:

	As of December 31,
	2019		2018
	(In thousands)
Demand	$	2,871,444	$	2,857,443
NOW accounts		1,358,152		1,365,763
Money market accounts		2,260,764		2,027,404
Saving accounts		758,903		738,656
Time deposits		7,443,045		6,713,074
Total	$	14,692,308	$	13,702,340

Time deposits outstanding as of December 31, 2019, mature as follows.

	Expected Maturity Date at December 31,
	2020		2021		2022		2023		2024		Thereafter		Total
	(In thousands)
Time deposits	$	6,750,080	$	635,144	$	20,323	$	37,430	$	56	$	12	$	7,443,045

Accrued interest payable on customer deposits was $22.3 million at December 31, 2019, $10.5 million at December 31, 2018, and $4.4 million at December 31, 2017. The following table summarizes the interest expense on deposits by account type for the years ended December 31, 2019, 2018, and 2017:

	Year Ended December 31,
	2019		2018		2017
	(In thousands)
Interest bearing demand	$	2,371	$	2,718	$	2,242
Money market accounts		21,508		16,202		15,062
Saving accounts		1,432		1,583		1,772
Time deposits		152,791		86,368		46,768
Total	$	178,102	$	106,871	$	65,844

The aggregate amount of domestic time deposits in denominations that meet or exceed the current FDIC insurance limit of $250,000 was $3.1 billion and $2.8 billion as of December 31, 2019 and 2018, respectively. Foreign offices time deposits of $192.9 million and $174.4 million as of December 31, 2019 and 2018, respectively, were in denominations of $250,000 or more.