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DEPOSITS | 12 Months Ended
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Dec. 31, 2017
DEPOSITS [Text Block] | N OTE 18 – DEPOSITS AND R ELATED I NTEREST
The following table summarizes deposit balances as of the dates indicated: |  |  |  |  |
| December 31,
| 2017 |  | 2016
(In thousands) |  |  |  |  |
Type of account and interest rate: |  |  |  |  |
Non-interest-bearing checking accounts | $ | 1,833,665 |  | $ | 1,484,155
Interest-bearing savings accounts - 0.05% to 0.40% (2016- 0.05% to 0.40%) |  | 2,401,385 |  |  | 2,518,496
Interest-bearing checking accounts - 0.05% to 1.00% |  |  |  |  |
(2016- 0.05% to 1.00%) |  | 1,207,511 |  |  | 1,075,929
Certificates of deposit- 0.10% to 4.00% (2016- 0.10% to 4.00%) |  | 2,429,585 |  |  | 2,312,928
Brokered certificates of deposit- 0.85% to 2.80% (2016- 0.60% to 2.80%) |  | 1,150,485 |  |  | 1,439,697
| $ | 9,022,631 |  | $ | 8,831,205
The weighted-average interest rate on total interest-bearing deposits as of December 31, 2017 and 2016 was 0.9 7% and 0.8 6%, respectively. As of December 31, 201 7, the aggregate amount of unplanned overdrafts of demand deposits that were reclassified as loans amounted to $1.7 million (201 6 - $1.0 million). Pre-arranged overdrafts lines of credit amounted to $15.2 million as of December 31, 201 7 (201 6- $32.9 million).
The following table presents the contractual maturities of CDs, including brokered CDs, as of December 31, 2017: |
|  | Total |  |  |
(In thousands) |  |  |  |  |
Three months or less | $ | 537,114 |  |  |
Over three months to six months |  | 500,020 |  |  |
Over six months to one year |  | 928,613 |  |  |
Over one year to two years |  | 896,331 |  |  |
Over two years to three years |  | 294,459 |  |  |
Over three years to four years |  | 229,232 |  |  |
Over four years to five years |  | 187,463 |  |  |
Over five years |  | 6,838 |  |  |
Total | $ | 3,580,070 |  |  |
As of December 31, 201 7, CDs in denominations of $100,000 or higher amounted to $2.8 billion (201 6 - $3.0 billion) including brokered CDs of $1.2 billion (201 6 - $1.4 billion) at a weighted-average rate of 1.50% (201 6 – 1.18%) issued to deposit brokers in the form of large certificates of deposits that are generally participated out by brokers in shares of less than the FDIC insurance limit. As of December 31, 201 7, unamortized broker placement fees amounted to $2.2 million (201 6 - $2.6 million), which are amortized over the contractual maturity of the brokered CDs under the interest method.
Brokered CDs mature as follows:
| December 31,
| 2017
(In thousands) |  |
Three months or less | $ | 194,703
Over three months to six months |  | 133,093
Over six months to one year |  | 329,077
One to three years |  | 360,566
Three to five years |  | 131,666
Over five years |  | 1,380
Total | $ | 1,150,485
As of December 31, 201 7, deposit accounts issued to government agencies amounted to $652.0 million (2016 — $563.7 million). These deposits in Puerto Rico and the U.S. Virgin Islands are insured by the FDIC up to the applicable limits, generally $250,000. The uninsured portion s were collateralized by securities and loans with an amortized cost of $562.5 million (201 6 — $583.9 million) and an estimated market value of $542.9 million (201 6 — $521.3 million). As of December 31, 201 7, the Corporation had $490.3 million of government deposits in Puerto Rico (201 6 — $408.8 million) and $161.7 million in the Virgin Islands (201 6 — $154.9 million).
A table showing interest expense on deposits follows: |  |  |  |  |  |  |  |
|  | Year Ended December 31,
|  | 2017 |  |  | 2016 |  |  | 2015
(In thousands) |  |  |  |  |  |  |  |
Interest-bearing checking accounts | $ | 4,566 |  | $ | 4,914 |  | $ | 5,440
Savings |  | 12,520 |  |  | 12,392 |  |  | 13,660
Certificates of deposit |  | 30,277 |  |  | 28,068 |  |  | 25,246
Brokered certificates of deposit |  | 19,174 |  |  | 21,928 |  |  | 24,904
Total | $ | 66,537 |  | $ | 67,302 |  | $ | 69,250
The total interest expense on deposits includes the amortization of broker placement fees related to brokered CD s amounting to $1.9 million, $2.9 million, and $4.6 million for 201 7, 201 6 and 201 5, respectively. For 201 7, 2016 and 2015, includes $0.1 million, $0.2 million and $0.6 million, respectively, for the accretion of premium s related to time deposits assumed in the Doral Bank transaction in 2015.

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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://www.xbrl.org/2003/role/presentationRef -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://www.xbrl.org/2003/role/presentationRef -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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