Deposits

3 Months Ended

Mar. 31, 2020

Deposits [Abstract]

DEPOSITS

NOTE 7 — DEPOSITS

The following table provides detail on deposit types. The increase in the deposit balance from the prior period reflects the MOB Acquisition, as described in Note 2 – Acquisition and Discontinued Operations.

Deposits — Deposit types (dollars in millions)

	March 31,		December 31,
	2020		2019
Interest-bearing	$	39,372.3	$	33,546.4
Non-interest bearing		2,789.8		1,593.1
Total deposits	$	42,162.1	$	35,139.5

The following table presents the maturities of time deposits.

Deposits —Maturities (dollars in millions)

	March 31,
Time deposits, remaining contractual maturity:	2020
Within one year	$	9,011.2
One to two years		1,889.5
Two to three years		394.5
Three to four years		456.3
Four to five years		561.9
Over five years		117.4
Total Time deposits	$	12,430.8

The following table presents the maturity profile of time deposits with a denomination of $100,000 or more.

Time Deposits $100,000 or More (dollars in millions)

	March 31,
	2020
Time Deposits:
Three months or less	$	1,626.8
After three months through six months		1,821.8
After six months through twelve months		3,420.8
After twelve months		2,967.0
Total	$	9,836.4

The Company also had aggregate time deposits of $2,612.4 million and $4,705.6 million in denominations of more than $250,000 at March 31, 2020 and December 31, 2019, respectively.