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Deposits (Tables)
 6 Months Ended
Jun. 30, 2019
Banking and Thrift [Abstract]  
Schedule of Deposits
The following table presents the composition of deposits, which are classified based on their contractual maturities:
  (In thousands)
June 30, 2019
 
December 31, 2018
Interest-bearing brokered money market deposits(a)
$
191,625

 
$
283,790

Customer deposits
119,243

 
138,072

Certificates of deposit with maturities within 1 year(a)(b)
776,927

 
505,582

Short-term deposits
1,087,795

 
927,444

Certificates of deposit with maturities greater than 1 year and less than 5 years(a)
500,555

 
345,231

Total deposits
$
1,588,350

 
$
1,272,675

 
 
 
 
Weighted average cost of funds on certificates of deposit outstanding
2.51
%
 
2.36
%
Weighted average cost of interest-bearing brokered money market deposits
2.54
%
 
2.49
%
(a) As of June 30, 2019, all brokered deposits were in denominations of $250 thousand or less, corresponding to FDIC deposit insurance limits.
(b) Original maturities range from 6 months to 5 years, with interest rates ranging from 1.30 percent to 3.52 percent as of both June 30, 2019 and December 31, 2018.