CUSTOMER DEPOSIT ACCOUNTS

12 Months Ended

Dec. 31, 2013

NOTE 13—CUSTOMER DEPOSIT ACCOUNTS

Customer deposit account balances are summarized as follows:

	December 31,
	2013		2012
	(In thousands)
Noninterest-bearing demand	$	5,821,899	$	4,535,877
Interest-bearing checking	1,749,479		1,230,372
Money market accounts	5,383,759		5,000,309
Savings deposits	1,633,433		1,421,182
Total core deposits	14,588,570		12,187,740
Time deposits:
Less than $100,000	1,678,850		1,884,577
$100,000 or greater	4,145,498		4,237,037
Total time deposits	5,824,348		6,121,614
Total deposits	$	20,412,918	$	18,309,354

The $4.15 billion and $4.24 billion balance of time deposits $100 thousand or greater at December 31, 2013 and 2012, includes $169.7 million and $319.3 million respectively, of deposits held by the Company’s foreign branch located in Hong Kong.

At December 31, 2013, the scheduled maturities of time deposits are as follows:

	$100,000 or		Less Than
	Greater		$100,000		Total
	(In thousands)
2014	$	3,178,469	$	1,413,205	$	4,591,674
2015	370,754		176,714		547,468
2016	129,854		21,728		151,582
2017	183,622		36,468		220,090
2018	165,284		30,731		196,015
Thereafter	117,515		4		117,519
Total	$	4,145,498	$	1,678,850	$	5,824,348

Accrued interest payable totaled $5.2 million and $4.7 million at December 31, 2013 and 2012, respectively. Interest expense on customer deposits by account type is summarized as follows:

	December 31,
	2013		2012		2011
	(In thousands)
Interest-bearing checking	$	3,556	$	3,163	$	3,009
Money market accounts	15,019		16,984		20,610
Savings deposits	2,961		2,795		2,988
Time deposits:
Less than $100,000	15,485		20,655		29,329
$100,000 or greater	26,475		32,298		51,174
Total	$	63,496	$	75,895	$	107,110

As of December 31, 2013, time deposits within the Certificate of Deposit Account Registry Service (“CDARS”) program decreased to $203.3 million, compared to $260.5 million at December 31, 2012. 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 is 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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