Deposits

9 Months Ended

Sep. 30, 2020

Disclosure Text Block

Deposits

Note 15 – Deposits

Total interest bearing deposits as of the end of the periods presented consisted of:

(In thousands)		September 30, 2020		December 31, 2019
Savings accounts		$	13,227,332	$	10,618,629
NOW, money market and other interest bearing demand deposits			21,403,290		16,305,007
Total savings, NOW, money market and other interest bearing demand deposits			34,630,622		26,923,636
Certificates of deposit:
	Under $100,000		3,077,257		3,133,840
	$100,000 and over		4,767,672		4,540,957
Total certificates of deposit			7,844,929		7,674,797
Total interest bearing deposits		$	42,475,551	$	34,598,433

A summary of certificates of deposit by maturity at September 30, 2020 follows:

(In thousands)
2020	$	3,225,332
2021		1,964,211
2022		902,403
2023		641,180
2024		572,449
2025 and thereafter		539,354
Total certificates of deposit	$	7,844,929

At September 30, 2020, the Corporation had brokered deposits amounting to $ 0.7 billion (December 31, 2019 - $ 0.5 billion).

The aggregate amount of overdrafts in demand deposit accounts that were reclassified to loans was $3 million at September 30, 2020 (December 31, 2019 - $4 million).