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Deposits
3 Months Ended
Mar. 31, 2020
Deposits  
Deposits

Note 5: Deposits

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

March 31, 2020

December 31, 2019

Demand deposits, noninterest-bearing

$

1,910,673

$

1,832,619

Interest-bearing transaction deposits

 

1,982,137

 

1,989,854

Saving deposits and money market deposits

 

2,598,410

2,545,073

Time deposits

 

1,482,013

 

1,534,850

Total

$

7,973,233

$

7,902,396

The Company held brokered saving deposits and money market deposits of $13.8 million and $12.5 million at March 31, 2020 and December 31, 2019, respectively.

The aggregate amount of time deposits with a minimum denomination of $100,000 was approximately $833.8 million and $854.1 million at March 31, 2020 and December 31, 2019, 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 $329.9 million and $297.4 million at March 31, 2020 and December 31, 2019, respectively. The Company held brokered time deposits of $5.2 million and $5.5 million at March 31, 2020 and December 31, 2019, respectively.

As of March 31, 2020, the scheduled maturities of time deposits are as follows (dollars in thousands):

April 1, 2020 - March 31, 2021

$

970,198

April 1, 2021 - March 31, 2022

300,817

April 1, 2022 - March 31, 2023

 

105,097

April 1, 2023 - March 31, 2024

 

76,896

April 1, 2024 - March 31, 2025

 

28,994

Thereafter

 

11

 

$

1,482,013