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Deposits (Tables)
12 Months Ended
Dec. 31, 2019
Banking and Thrift [Abstract]  
Summary of deposits
A summary of deposits follows:
 
December 31, 2019
 
December 31, 2018
 
Amount
 
Weighted
Average
Rate
 
Amount
 
Weighted
Average
Rate
 
(Dollars in Thousands)
Demand checking accounts
$
1,141,578

 
%
 
$
1,033,551

 
%
NOW accounts
371,380

 
0.11
%
 
336,317

 
0.10
%
Savings accounts
613,467

 
0.46
%
 
619,961

 
0.32
%
Money market accounts
1,682,005

 
1.15
%
 
1,675,050

 
1.18
%
Total core deposit accounts
3,808,430

 
0.59
%
 
3,664,879

 
0.60
%
Certificate of deposit accounts maturing:
 
 
 
 
 
 
 
Within six months
730,512

 
2.24
%
 
475,303

 
1.20
%
After six months but within 1 year
650,461

 
2.24
%
 
562,018

 
1.40
%
After 1 year but within 2 years
495,509

 
2.26
%
 
538,435

 
1.85
%
After 2 years but within 3 years
56,508

 
2.19
%
 
95,806

 
2.16
%
After 3 years but within 4 years
58,492

 
2.64
%
 
46,027

 
1.73
%
After 4 years but within 5 years
29,759

 
2.58
%
 
71,556

 
2.57
%
5+ Years
401

 
2.19
%
 
20

 
1.98
%
Total certificate of deposit accounts
2,021,642

 
2.26
%
 
1,789,165

 
1.58
%
Total deposits
$
5,830,072

 
1.17
%
 
$
5,454,044

 
0.92
%

Schedule of interest expense on deposit balances
Interest expense on deposit balances is summarized as follows:
 
Year Ended December 31,
 
2019
 
2018
 
2017
 
(In Thousands)
Interest-bearing deposits:
 
 
 
 
 
NOW accounts
$
436

 
$
283

 
$
225

Savings accounts
2,900

 
1,804

 
1,297

Money market accounts
21,206

 
15,369

 
8,863

Certificate of deposit accounts
45,073

 
24,522

 
12,903

Total interest-bearing deposits
$
69,615

 
$
41,978

 
$
23,288