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DEPOSITS

3 Months Ended

Mar. 31, 2022

Deposits [Abstract]

DEPOSITS [Text Block]

NOTE 9 – DEPOSITS

The following table summarizes deposit balances as of the indicated dates:
		March 31, 2022			December 31, 2021
(In thousands)
Type of account:
Non-interest-bearing deposit accounts		$	6,344,385		$	7,027,513
Interest-bearing savings accounts			4,458,415			4,729,387
Interest-bearing checking accounts			4,146,031			3,492,645
Certificates of deposit ("CDs")			2,300,790			2,434,932
Brokered CDs			85,782			100,417
	Total	$	17,335,403		$	17,784,894

The following table presents the contractual maturities of CDs, including brokered CDs, as of March 31, 2022:
		Total
(In thousands)
Three months or less	$	641,249
Over three months to six months		377,287
Over six months to one year		668,001
Over one year to two years		376,830
Over two years to three years		175,461
Over three years to four years		55,285
Over four years to five years		85,649
Over five years		6,810
Total	$	2,386,572

The following were the components of interest expense on deposits for the indicated periods:
		Quarter Ended
		March 31, 2022				March 31, 2021
(In thousands)
Interest expense on deposits		$	7,817		$	12,725
Accretion of premium from acquisitions			(200)			(456)
Amortization of broker placement fees			35			73
	Interest expense on deposits	$	7,652		$	12,342

Time deposits with balances of more than $250,000 amounted to $1.0 billion as of each March 31, 2022 and December 31, 2021. This amount does not include brokered CDs that are generally participated out by brokers in shares of less than the FDIC insurance limit. As of each March 31, 2022 and December 31, 2021 unamortized broker placement fees amounted to $0.2 million, which are amortized over the contractual maturity of the brokered CDs under the interest method.

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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=116652737&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=120398452&loc=d3e534808-122878

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher SEC
-Name Regulation S-K (SK)
-Number 229
-Section 1406
-Paragraph (e)

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher SEC
-Name Regulation S-K (SK)
-Number 229
-Section 1406

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X

- References

No definition available.

+ Details

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Namespace Prefix:	us-gaap_
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