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DEPOSITS (Tables)
9 Months Ended
Sep. 30, 2017
Summary of Deposit Balances
The following table summarizes deposit balances:
September 30, December 31,
20172016
(In thousands)
Type of account:
Non-interest bearing checking accounts$1,586,198$1,484,155
Savings accounts2,333,9652,518,496
Interest-bearing checking accounts1,134,0661,075,929
Certificates of deposit2,456,4032,312,928
Brokered CDs1,255,2591,439,697
$8,765,891$8,831,205
Brokered Certificates Of Deposit Mature
Brokered CDs mature as follows:
September 30,
2017
(In thousands)
Three months or less$203,112
Over three months to six months194,631
Over six months to one year282,118
Over one year but less than three years426,394
Three to five years147,624
Over five years1,380
Total$1,255,259
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,
2017201620172016
(In thousands)
Interest expense on deposits$16,453$16,130$47,804$49,104
Accretion of premium from acquisition(9)(43)(47)(181)
Amortization of broker placement fees4546551,4612,300
Interest expense on deposits $16,898$16,742$49,218$51,223