Note 8 - Deposits and Borrowed Funds

9 Months Ended

Sep. 30, 2022

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 September 30,		At December 31,
	2022		2021
	(In thousands)
Noninterest-bearing	$	3,069,907	$	3,069,080
Interest-bearing:
Transaction		1,338,855		1,260,869
Savings		1,949,711		1,940,395
Time deposits less than $100 thousand		68,854		72,527
Time deposits $100 thousand through $250 thousand		45,315		47,666
Time deposits more than $250 thousand		22,614		23,419
Total deposits	$	6,495,256	$	6,413,956

Demand deposit overdrafts of $871 thousand and $611 thousand were included as loan balances at September 30, 2022 and December 31, 2021, respectively. Interest expense for aggregate time deposits with individual account balances in excess of $100 thousand was $39 thousand and $120 thousand for the three and nine months ended September 30, 2022, respectively, and $58 thousand and $204 thousand for the three and nine months ended September 30, 2021, 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 September 30,		At December 31,
	2022		2021
Repurchase agreements:	(In thousands)
Collateral securing borrowings:
Agency residential MBS	$	30,862	$	42,295
Corporate securities		197,812		254,005
Total collateral carrying value	$	228,674	$	296,300
Total short-term borrowed funds	$	76,886	$	146,246