CUSTOMER DEPOSIT ACCOUNTS

12 Months Ended

Dec. 31, 2014

NOTE 12 — CUSTOMER DEPOSIT ACCOUNTS

Customer deposit account balances are summarized as follows:



	December 31,
	2014		2013
	(In thousands)
Noninterest-bearing demand	$	7,381,030	$	5,821,899
Interest-bearing checking	2,545,618		1,749,479
Money market accounts	6,318,120		5,653,412
Savings deposits	1,651,267		1,363,780
Total core deposits	17,896,035		14,588,570
Time deposits:
Less than $100,000	1,662,046		1,678,850
$100,000 or greater	4,450,693		4,145,498
Total time deposits	6,112,739		5,824,348
Total deposits	$	24,008,774	$	20,412,918

Time deposits in the $100 thousand or greater category included $133.3 million and $169.7 million of deposits held by the Company’s foreign branch located in Hong Kong as of December 31, 2014 and 2013, respectively.

As of December 31, 2014, the scheduled maturities of time deposits are as follows:



	$100,000 or Greater		Less Than $100,000		Total
	(In thousands)
2015	$	3,513,958	$	1,397,648	$	4,911,606
2016	318,791		164,061		482,852
2017	189,195		44,944		234,139
2018	168,252		34,579		202,831
2019	142,492		20,782		163,274
Thereafter	118,005		32		118,037
Total	$	4,450,693	$	1,662,046	$	6,112,739

As of December 31, 2014, time deposits within the Certificate of Deposit Account Registry Service (“CDARS”) program decreased to $180.0 million, compared to $203.3 million at December 31, 2013. The CDARS program allows customers with deposits in excess of FDIC-insured limits to obtain full coverage on time deposits through a network of banks within the CDARS program. Additionally, the Company has partnered with another financial institution and offers a retail sweep product for non-time deposit accounts to provide added deposit insurance coverage for deposits in excess of FDIC-insured limits. Deposits gathered through these programs are considered brokered deposits under current regulatory reporting guidelines.

- Definition

The entire disclosure for deposit liabilities including data and tables. It may include a description of the entity's deposit liabilities, the aggregate amount of time deposits (including certificates of deposit) in denominations of $100,000 or more at the balance sheet date; the aggregate amount of any demand deposits that have been reclassified as loan balances, such as overdrafts, at the balance sheet date; deposits that are received on terms other than those in the normal course of business, the amount of accrued interest on deposit liabilities; securities, mortgage loans or other financial instruments that serve as collateral for deposits; for time deposits having a remaining term of more than one year, the aggregate amount of maturities for each of the five years following the balance sheet date; and the weighted average interest rate for all deposit liabilities held by the entity.

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