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Deposits

12 Months Ended

Dec. 31, 2018

Deposits

NOTE 7: DEPOSITS

The following table sets forth the weighted average interest rates for each type of deposit at December 31, 2018 and 2017:

		December 31,
		2018												2017
(dollars in thousands)		Amount				Percent of Total				Weighted Average Interest Rate				Amount				Percent of Total				Weighted Average Interest Rate
Interest-bearing checking and money market accounts		$	11,530,049				37.48	%			1.74	%		$	12,936,301				44.45	%			0.23	%
Savings accounts			4,643,260				15.09				0.68				5,210,001				17.90				0.52
Certificates of deposit			12,194,322				39.64				2.15				8,643,646				29.70				1.31
Non-interest-bearing accounts			2,396,799				7.79				—				2,312,215				7.95				—
Total deposits		$	30,764,430				100.00	%			1.61	%		$	29,102,163				100.00	%			0.58	%

At December 31, 2018 and 2017, the aggregate amount of deposits that had been reclassified as loan balances (i.e., overdrafts) was $2.8 million and $3.1 million, respectively.

The scheduled maturities of certificates of deposit (“CDs”) at December 31, 2018 were as follows:

(in thousands)
1 year or less		$	10,327,860
More than 1 year through 2 years			1,615,405
More than 2 years through 3 years			41,498
More than 3 years through 4 years			16,435
More than 4 years through 5 years			6,448
Over 5 years			186,676
Total CDs		$	12,194,322

The following table presents a summary of CDs in amounts of $100,000 or more by remaining term to maturity, at December 31, 2018:

		CDs of $100,000 or More Maturing Within
(in thousands)		3 Months or Less				Over 3 to 6 Months				Over 6 to 12 Months				Over 12 Months				Total
Total		$	1,664,185			$	1,776,418			$	2,324,535			$	1,232,625			$	6,997,763

Included in total deposits at both December 31, 2018 and 2017 were brokered deposits of $4.0 billion with weighted average interest rates of 2.50% and 1.37% at the respective year-ends. Brokered money market accounts represented $1.9 billion and $2.6 billion, respectively, of the December 31, 2018 and 2017 totals, and brokered interest-bearing checking accounts represented $786.1 million and $793.7 million, respectively. Brokered CDs represented $1.3 billion and $567.8 million of brokered deposits at December 31, 2018 and 2017, respectively.

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- Definition

The entire disclosure for deposit liabilities including data and tables. It may include a description of the entity's deposit liabilities, the aggregate amount of time deposits (including certificates of deposit) in denominations of $100,000 or more at the balance sheet date; the aggregate amount of any demand deposits that have been reclassified as loan balances, such as overdrafts, at the balance sheet date; deposits that are received on terms other than those in the normal course of business, the amount of accrued interest on deposit liabilities; securities, mortgage loans or other financial instruments that serve as collateral for deposits; for time deposits having a remaining term of more than one year, the aggregate amount of maturities for each of the five years following the balance sheet date; and the weighted average interest rate for all deposit liabilities held by the entity.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 405
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=50488274&loc=d3e64164-112818

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 210
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-03.12)
-URI http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878

+ Details

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