Note 8 - Deposits and Borrowed Funds

6 Months Ended

Jun. 30, 2019

Notes to Financial Statements

Deposits and Borrowed Funds [Text Block]

Note 8: Deposits and Borrowed Funds

The following table provides additional detail regarding deposits.

	Deposits
	At June 30,		At December 31,
	2019		2018
	(In thousands)
Noninterest-bearing	$	2,163,841	$	2,243,251
Interest-bearing:
Transaction		942,140		929,346
Savings		1,442,552		1,498,991
Time deposits less than $100 thousand		95,587		102,654
Time deposits $100 thousand through $250 thousand		58,667		64,512
Time deposits more than $250 thousand		27,475		28,085
Total deposits	$	4,730,262	$	4,866,839

Demand deposit overdrafts of $866 thousand and $980 thousand were included as loan balances at June 30, 2019 and December 31, 2018, respectively. Interest expense for aggregate time deposits with individual account balances in excess of $100 thousand was $82 thousand and $164 thousand for the three and six months ended June 30, 2019, respectively, and $95 thousand and $192 thousand for the three and six months ended June 30, 2018, respectively.

The following table provides additional detail regarding short-term borrowed funds.

	Repurchase Agreements (Sweep) Accounted for as Secured Borrowings
	Remaining Contractual Maturity of the Agreements
	Overnight and Continuous
	At June 30,		At December 31,
	2019		2018
Repurchase agreements:	(In thousands)
Collateral securing borrowings:
Securities of U.S. Government sponsored entities	$	75,785	$	73,803
Agency residential MBS		56,960		58,380
Corporate securities		114,644		91,837
Total collateral carrying value	$	247,389	$	224,020
Total short-term borrowed funds	$	54,581	$	51,247