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DEPOSITS (Tables)
9 Months Ended
Sep. 30, 2016
Summary of Deposit Balances
The following table summarizes deposit balances:
September 30, December 31,
20162015
(In thousands)
Type of account:
Non-interest bearing checking accounts$1,473,528$1,336,559
Savings accounts2,458,6342,459,186
Interest-bearing checking accounts1,153,0961,088,651
Certificates of deposit2,337,5472,356,245
Brokered CDs1,558,5082,097,483
$8,981,313$9,338,124
Brokered Certificates Of Deposit Mature
Brokered CDs mature as follows:
September 30,
2016
(In thousands)
Three months or less$343,396
Over three months to six months255,574
Over six months to one year350,362
One to three years524,386
Three to five years84,605
Over five years185
Total$1,558,508
Components of Interest Expense on Deposits
The following are the components of interest expense on deposits:
Quarter EndedNine-Month Period Ended
September 30, September 30,
2016201520162015
(In thousands)
Interest expense on deposits$16,130$15,947$49,104$48,402
Accretion of premium from acquisition(43)(156)(181)(441)
Amortization of broker placement fees6551,0602,3003,564
Interest expense on deposits $16,742$16,851$51,223$51,525