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Deposits
12 Months Ended
Dec. 31, 2012
Deposits  
Deposits

(7)            Deposits

 

Deposits are summarized as follows:

 

 

 

At December 31,

 

 

 

2012

 

2011

 

(Dollars in Thousands)

 

Weighted
Average
Rate

 

Balance

 

Percent
of Total

 

Weighted
Average
Rate

 

Balance

 

Percent
of Total

 

Core deposits:

 

 

 

 

 

 

 

 

 

 

 

 

 

Savings

 

0.05%

 

$   2,802,298

 

26.83%

 

0.25%

 

$   2,750,715

 

24.46%

 

Money market

 

0.74

 

1,586,556

 

15.19

 

0.71

 

1,114,404

 

9.91

 

NOW

 

0.05

 

1,259,771

 

12.06

 

0.10

 

1,117,173

 

9.93

 

Non-interest bearing NOW and demand deposit

 

-

 

834,962

 

8.00

 

-

 

744,315

 

6.62

 

Total core deposits

 

0.21

 

6,483,587

 

62.08

 

0.28

 

5,726,607

 

50.92

 

Certificates of deposit

 

1.55

 

3,960,371

 

37.92

 

1.93

 

5,519,007

 

49.08

 

Total deposits

 

0.72%

 

$ 10,443,958

 

100.00%

 

1.09%

 

$ 11,245,614

 

100.00%

 

 

The aggregate amount of certificates of deposit with balances equal to or greater than $100,000 was $1.25 billion at December 31, 2012 and $1.73 billion at December 31, 2011.  There were no brokered certificates of deposit at December 31, 2012 and 2011.

 

 

Certificates of deposit at December 31, 2012 have scheduled maturities as follows:

 

Year

 

Weighted
Average
Rate

 

Balance

 

Percent
of
Total

 

 

 

 

(In Thousands)

 

 

2013

 

0.85%

 

$ 1,502,496

 

37.94%

2014

 

1.63

 

871,751

 

22.01

2015

 

2.31

 

988,548

 

24.96

2016

 

2.18

 

451,875

 

11.41

2017

 

1.19

 

145,381

 

3.67

2018 and thereafter

 

2.01

 

320

 

0.01

Total

 

1.55%

 

$ 3,960,371

 

100.00%

 

Interest expense on deposits is summarized as follows:

 

 

 

For the Year Ended December 31,

(In Thousands)  

 

2012

 

2011

 

2010

Savings

 

$    4,437

 

$     9,562

 

$     9,628

Money market

 

8,944

 

4,551

 

1,533

Interest-bearing NOW

 

978

 

1,175

 

1,092

Certificates of deposit

 

83,662

 

122,761

 

178,762

Total interest expense on deposits

 

$  98,021

 

$ 138,049

 

$ 191,015