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Deposits (Tables)
12 Months Ended
Dec. 31, 2020
Deposits [Abstract]  
Schedule sets forth interest expense by type of deposit

The following schedule sets forth interest expense by type of deposit:

 

 

 

Years Ended December 31,

 

 

 

2020

 

 

2019

 

 

2018

 

 

 

(In Thousands)

 

Checking and money market accounts

 

$

9,710

 

 

$

7,650

 

 

$

3,997

 

Savings accounts

 

 

222

 

 

 

142

 

 

 

115

 

Certificates of deposit

 

 

16,986

 

 

 

14,821

 

 

 

9,785

 

Totals

 

$

26,918

 

 

$

22,613

 

 

$

13,897

 

Summary of deposit balances

A summary of deposit balances is as follows:

 

 

 

December 31,

 

 

 

2020

 

 

2019

 

 

 

(In Thousands)

 

Noninterest-bearing checking accounts

 

$

1,597,262

 

 

$

630,359

 

Interest-bearing checking and money market accounts

 

 

2,627,669

 

 

 

1,198,012

 

Savings deposits

 

 

700,480

 

 

 

303,166

 

Retail certificates of deposit less than $250,000

 

 

912,006

 

 

 

631,253

 

Retail certificates of deposit greater than $250,000

 

 

210,424

 

 

 

107,535

 

 

 

$

6,047,841

 

 

$

2,870,325

 

Schedule of maturities of long-term debt

Scheduled maturities of certificates of deposit at December 31, 2020, are as follows (in thousands):

 

2021

 

$

781,972

 

2022

 

 

190,425

 

2023

 

 

63,266

 

2024

 

 

59,718

 

2025

 

 

25,085

 

Thereafter

 

 

1,964

 

Total

 

$

1,122,430