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DEPOSITS (Tables)
12 Months Ended
Dec. 31, 2020
Deposits [Abstract]  
Summary of Deposit Balances [Table Text Block]

The following table summarizes deposit balances as of the dates indicated:

 

 

 

 

 

 

December 31,

 

2020

 

2019

(In thousands)

 

 

 

 

 

 

 

 

 

 

 

Type of account and interest rate:

 

 

 

 

 

Non-interest-bearing deposit accounts

$

4,546,123

 

$

2,367,856

Interest-bearing savings accounts - 0.05% to 1.40% (2019- 0.05% to 2.00%)

 

4,088,969

 

 

2,437,345

Interest-bearing checking accounts - 0.05% to 1.75% (2019- 0.05% to 1.00%)

 

3,651,806

 

 

1,412,390

Certificates of deposit ("CDs")- 0.10% to 4.75% (2019- 0.10% to 4.00%)

 

2,814,313

 

 

2,695,749

Brokered CDs- 0.85% to 2.75% (2019- 1.20% to 3.00%)

 

216,172

 

 

435,089

 

$

15,317,383

 

$

9,348,429

Schedule of contractual maturities of CDs

The following table presents the contractual maturities of CDs, including brokered CDs, as of December 31, 2020:

 

 

 

 

 

 

 

 

 

Total

 

 

 

(In thousands)

 

 

 

 

 

 

 

 

 

 

 

Three months or less

$

658,417

 

 

 

Over three months to six months

 

527,542

 

 

 

Over six months to one year

 

779,370

 

 

 

Over one year to two years

 

594,688

 

 

 

Over two years to three years

 

252,014

 

 

 

Over three years to four years

 

135,653

 

 

 

Over four years to five years

 

68,260

 

 

 

Over five years

 

14,541

 

 

 

Total

$

3,030,485

 

 

 

 

 

 

 

 

 

Brokered Certificates Of Deposit Mature [Table Text Block]

Brokered CDs mature as follows:

 

 

 

 

December 31,

 

2020

(In thousands)

 

 

 

 

 

Three months or less

$

54,118

Over three months to six months

 

24,502

Over six months to one year

 

37,287

Over one year to three years

 

77,953

Over three years to five years

 

22,312

Total

$

216,172

Schedule of Interest Expenses on Deposits [Table Text Block]

A table showing interest expense on deposits for the indicated periods follows:

 

 

 

 

 

Year Ended December 31,

 

 

2020

 

 

2019

 

 

2018

(In thousands)

 

 

 

 

 

 

 

 

Interest-bearing checking accounts

$

5,933

 

$

6,071

 

$

5,208

Savings

 

11,116

 

 

16,017

 

 

14,298

CDs

 

43,350

 

 

44,658

 

 

33,652

Brokered CDs

 

7,989

 

 

11,036

 

 

14,493

Total

$

68,388

 

$

77,782

 

$

67,651