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DEPOSITS | 6 Months Ended
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Jun. 30, 2022
Deposits [Abstract] |
DEPOSITS [Text Block] | NOTE 8 – DEPOSITS
The following table summarizes deposit balances as of the indicated dates:
| June 30, 2022 |  | December 31, 2021
(In thousands) |
Type of account: |  |  |  |  |
Non-interest-bearing deposit accounts | $ | 6,286,922 |  | $ | 7,027,513
Interest-bearing saving accounts |  | 4,515,416 |  |  | 4,729,387
Interest-bearing checking accounts |  | 4,137,295 |  |  | 3,492,645
Certificates of deposit ("CDs") |  | 2,126,376 |  |  | 2,434,932
Brokered CDs |  | 74,119 |  |  | 100,417
Total | $ | 17,140,128 |  | $ | 17,784,894
The following table presents the contractual maturities of CDs, including brokered CDs, as of June 30, 2022:
|  | Total
(In thousands) |  |
Three months or less | $ | 572,584
Over three months to six months |  | 381,963
Over six months to one year |  | 584,351
Over one year to two years |  | 357,337
Over two years to three years |  | 160,362
Over three years to four years |  | 59,798
Over four years to five years |  | 77,232
Over five years |  | 6,868
Total | $ | 2,200,495
The following were the components of interest expense on deposits for the indicated periods:
|  | Quarter Ended June 30, |  | Six-Month Period Ended June 30,
|  | 2022 |  |  | 2021 |  | 2022 |  |  | 2021
(In thousands) |  |  |
Interest expense on deposits | $ | 7,757 |  | $ | 11,117 |  | $ | 15,574 |  | $ | 23,842
Accretion of premiums from acquisitions |  | (92) |  |  | (390) |  |  | (292) |  |  | (846)
Amortization of broker placement fees |  | 29 |  |  | 55 |  |  | 64 |  |  | 128
| Total interest expense on deposits | $ | 7,694 |  | $ | 10,782 |  | $ | 15,346 |  | $ | 23,124
Total U.S. time deposits with balances of more than $250,000 amounted to $852.0 million and $990.2 million as of June 30, 2022 and December 31, 2021, respectively. 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 June 30, 2022 and December 31, 2021 unamortized broker placement fees amounted to $0.1 million and $0.2 million, respectively, 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 + Details
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- References No definition available. + Details
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