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Deposits (Tables)
12 Months Ended
Dec. 31, 2016
Banking and Thrift [Abstract]  
Summary of Deposits
The following table summarizes deposits at the dates indicated.
 
At December 31,
 
 
 
 
 
2016
 
 
 
 
 
 
 
2015
 
 
(Dollars in Thousands)
Weighted
Average
Rate
 
Balance
 
Percent
of Total
 
Weighted
Average
Rate
 
Balance
 
Percent
of Total
Core deposits:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
NOW
 
0.06
%
 
 
$
1,466,751

 
16.52
%
 
 
0.06
%
 
 
$
1,415,430

 
15.54
%
Non-interest bearing NOW
and demand deposit
 

 
 
1,054,343

 
11.88

 
 

 
 
998,393

 
10.96

Money market
 
0.26

 
 
2,706,895

 
30.50

 
 
0.26

 
 
2,560,204

 
28.12

Savings
 
0.05

 
 
2,048,202

 
23.07

 
 
0.05

 
 
2,137,818

 
23.48

Total core deposits
 
0.12

 
 
7,276,191

 
81.97

 
 
0.12

 
 
7,111,845

 
78.10

Certificates of deposit
 
1.01

 
 
1,600,864

 
18.03

 
 
1.16

 
 
1,994,182

 
21.90

Total deposits
 
0.28
%
 
 
$
8,877,055

 
100.00
%
 
 
0.35
%
 
 
$
9,106,027

 
100.00
%
Scheduled Maturities of Certificates of Deposit
The following table details the scheduled maturities of our certificates of deposit at December 31, 2016.
Year
Weighted
Average
Rate
 
 
Balance
 
 
 
Percent
of
Total
 
 
 
 
 
 
(In Thousands)
 
 
 
 
2017
 
0.56
%
 
 
 
$
675,017

 
 
 
42.16
%
 
2018
 
1.00

 
 
 
267,346

 
 
 
16.70

 
2019
 
1.37

 
 
 
202,000

 
 
 
12.62

 
2020
 
1.59

 
 
 
283,692

 
 
 
17.72

 
2021
 
1.42

 
 
 
172,014

 
 
 
10.75

 
2022 and thereafter
 
1.64

 
 
 
795

 
 
 
0.05

 
Total
 
1.01
%
 
 
 
$
1,600,864

 
 
 
100.00
%
 
Summary of Interest Expense on Deposits
The following table summarizes interest expense on deposits for the years indicated.
 
For the Year Ended December 31,
(In Thousands)
2016
 
2015
 
2014
Interest-bearing NOW
$
808

 
$
778

 
$
706

Money market
7,398

 
6,496

 
5,527

Savings
1,052

 
1,093

 
1,182

Certificates of deposit
17,641

 
28,976

 
43,940

Total interest expense on deposits
$
26,899

 
$
37,343

 
$
51,355