XML 41 R17.htm IDEA: XBRL DOCUMENT v3.10.0.1
Deposits
12 Months Ended
Dec. 31, 2018
DEPOSIT ACCOUNTS  
Deposits
Deposits

The following table presents the composition of the Company’s deposits as of December 31, 2018 and 2017:
 
($ in thousands)
 
December 31,
 
2018
 
2017
Core deposits:
 
 
 
 
Noninterest-bearing demand
 
$
11,377,009

 
$
10,887,306

Interest-bearing checking
 
4,584,447

 
4,419,089

Money market
 
8,262,677

 
8,359,425

Savings
 
2,146,429

 
2,308,494

Total core deposits
 
26,370,562

 
25,974,314

Time deposits:
 
 
 
 
Less than $100,000
 
1,957,121

 
1,176,973

$100,000 or greater
 
7,111,945

 
4,463,776

Total time deposits
 
9,069,066

 
5,640,749

Total deposits
 
$
35,439,628

 
$
31,615,063

 


The aggregate amount of domestic time deposits that meet or exceed the current Federal Deposit Insurance Corporation (“FDIC”) insurance limit of $250,000 was $4.45 billion and $2.37 billion as of December 31, 2018 and 2017, respectively. The aggregate amount of foreign office time deposits, including both Hong Kong and China that meet or exceed the current FDIC insurance limit of $250,000 was $1.19 billion and $814.6 million as of December 31, 2018 and 2017, respectively.

As of December 31, 2018, $621.3 million of interest-bearing demand deposits and $1.21 billion of time deposits were held by the Company’s branch in Hong Kong and subsidiary bank in China. As of December 31, 2017, $456.4 million of interest-bearing demand deposits and $841.3 million of time deposits were held by the Company’s branch in Hong Kong and subsidiary bank in China.

The following table presents the scheduled maturities of time deposits for the five years succeeding December 31, 2018 and thereafter:
 
($ in thousands)
 
Amount
2019
 
$
8,413,358

2020
 
484,386

2021
 
68,186

2022
 
67,182

2023
 
9,026

Thereafter
 
26,928

Total
 
$
9,069,066