DEPOSITS

12 Months Ended

Dec. 31, 2019

Deposits [Abstract]

DEPOSITS

Note 10 – Deposits

The following table presents the composition of deposits at December 31 for the years indicated:

(In thousands)				2019		2018
Noninterest-bearing deposits				$	1,892,052	$	1,750,319
Interest-bearing deposits:
	Demand				836,433		703,145
	Money market savings				1,839,593		1,605,024
	Regular savings				329,919		330,231
	Time deposits of less than $100,000				463,431		427,421
	Time deposits of $100,000 or more				1,078,891		1,098,740
		Total interest-bearing deposits			4,548,267		4,164,561
			Total deposits	$	6,440,319	$	5,914,880

Demand deposit overdrafts reclassified as loan balances were $1.4 million and $2.7 million at December 31, 2019 and 2018, respectively. Overdraft charge-offs and recoveries are reflected in the allowance for loan losses.The following table presents the maturity schedule for time deposits maturing within years ending December 31:

(In thousands)		Amount
2020		$	1,134,309
2021			268,813
2022			107,671
2023			19,644
Thereafter			11,885
	Total time deposits	$	1,542,322

The Company's time deposits of $100,000 or more represented 16.8% of total deposits at December 31, 2019 and are presented by maturity in the following table:

	Months to Maturity
	3 or		Over 3		Over 6		Over
(In thousands)	Less		to 6		to 12		12		Total
Time deposits--$100 thousand or more	$	211,627	$	195,579	$	400,833	$	270,852	$	1,078,891

Interest expense on time deposits of $100,000 or more amounted to $23.9 million, $12.5 million, and $4.5 million for the years ended December 31, 2019, 2018 and 2017, respectively.Deposits received in the ordinary course of business from the directors and officers of the Company amounted to $29.9 million and $31.6 million for the years ended December 31, 2019 and 2018, respectively