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Deposits
3 Months Ended
Mar. 31, 2019
Deposits  
Deposits

Note 5: Deposits

 

The composition of deposits is as follows (dollars in thousands):

 

 

 

 

 

 

 

 

 

March 31, 2019

 

December 31, 2018

Demand deposits, noninterest-bearing

 

$

1,791,339

 

$

1,464,700

Interest-bearing transaction deposits

 

 

1,812,146

 

 

1,435,574

Saving deposits and money market deposits

 

 

2,402,663

 

 

1,852,044

Time deposits

 

 

1,757,078

 

 

1,497,003

Total

 

$

7,763,226

 

$

6,249,321

 

The Company held brokered saving deposits and money market deposits of $20.0 million and $17.5 million at March 31, 2019 and December 31, 2018, respectively.

 

The aggregate amount of time deposits with a minimum denomination of $100,000 was approximately $886.2 million and $673.7 million at March 31, 2019 and December 31, 2018, respectively.  The aggregate amount of time deposits with a minimum denomination that meets or exceeds the Federal Deposit Insurance Corporation (“FDIC”) insurance limit of $250,000 was approximately $348.5 million and $264.1 million at March 31, 2019 and December 31, 2018, respectively.  The Company held brokered time deposits of $121.9 million and $262.5 million at March 31, 2019 and December 31, 2018, respectively.

 

 

 

 

 

 

 

 

As of March 31, 2019, the scheduled maturities of time deposits are as follows (dollars in thousands):

 

 

 

 

 

April 1, 2019 – March 31, 2020

 

$

1,094,836

April 1, 2020 – March 31, 2021

 

 

361,266

April 1, 2021 – March 31, 2022

 

 

140,316

April 1, 2022 – March 31, 2023

 

 

86,067

April 1, 2023 – March 31, 2024

 

 

73,720

Thereafter

 

 

873

 

 

$

1,757,078