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DEPOSITS (Tables)
9 Months Ended
Sep. 30, 2016
Deposit Liabilities  
Ending deposit balances

 

 

 

 

 

 

 

 

(in thousands)

    

September 30, 2016

    

December 31, 2015

 

 

 

 

 

 

 

 

 

Demand

 

$

868,081

 

$

783,054

 

Money market accounts

 

 

544,225

 

 

501,059

 

Brokered money market accounts

 

 

357,776

 

 

200,126

 

Savings

 

 

159,946

 

 

117,408

 

Individual retirement accounts*

 

 

42,342

 

 

36,016

 

Time deposits, $250 and over*

 

 

45,311

 

 

42,775

 

Other certificates of deposit*

 

 

140,700

 

 

127,878

 

Brokered certificates of deposit*

 

 

29,910

 

 

44,298

 

 

 

 

 

 

 

 

 

Total interest-bearing deposits

 

 

2,188,291

 

 

1,852,614

 

Total noninterest-bearing deposits

 

 

947,602

 

 

634,863

 

 

 

 

 

 

 

 

 

Total deposits

 

$

3,135,893

 

$

2,487,477

 


*Represents a time deposit.

 

Cornerstone  
Deposit Liabilities  
Schedule of deposits liabilities acquired

 

 

 

 

 

 

 

 

 

 

 

 

May 17, 2016

(in thousands)

    

Contractual Principal

    

Fair Value Adjustment

 

Acquisition-Day Fair Value

 

 

 

 

 

 

 

 

 

 

Demand

 

$

59,507

 

$

 —

 

$

59,507

Money market accounts

 

 

53,773

 

 

 —

 

 

53,773

Savings

 

 

12,352

 

 

 —

 

 

12,352

Individual retirement accounts*

 

 

3,897

 

 

13

 

 

3,910

Time deposits, $250 and over*

 

 

3,385

 

 

12

 

 

3,397

Other certificates of deposit*

 

 

19,343

 

 

67

 

 

19,410

 

 

 

 

 

 

 

 

 

 

Total interest-bearing deposits

 

 

152,257

 

 

92

 

 

152,349

Total noninterest-bearing deposits

 

 

52,908

 

 

 —

 

 

52,908

 

 

 

 

 

 

 

 

 

 

Total deposits

 

$

205,165

 

$

92

 

$

205,257

*Represents a time deposit.