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DEPOSITS | 9 Months Ended
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Sep. 30, 2022
Deposits [Abstract] |
DEPOSITS [Text Block] | NOTE 8 – DEPOSITS The following table summarizes deposit balances as of the indicated dates: September 30, 2022 December 31, 2021 (In thousands) Type of account: Non-interest-bearing deposit accounts $ 6,235,782 $ 7,027,513 Interest-bearing saving accounts 4,089,664 4,729,387 Interest-bearing checking accounts 4,076,258 3,492,645 Certificates of deposit ("CDs") 2,122,713 2,434,932 Brokered CDs 45,164 100,417 Total $ 16,569,581 $ 17,784,894 The following table presents the contractual maturities of CDs, including brokered CDs, as of September 30, 2022: Total (In thousands) Three months or less $ 572,661 Over three months to six months 374,963 Over six months to one year 555,086 Over one year to two years 369,054 Over two years to three years 174,360 Over three years to four years 47,133 Over four years to five years 67,846 Over five years 6,774 Total $ 2,167,877 The following were the components of interest expense on deposits for the indicated periods: Quarter Ended September 30, Nine-Month Period Ended September 30, 2022 2021 2022 2021 (In thousands) Interest expense on deposits $ 10,045 $ 9,876 $ 25,619 $ 33,718 Accretion of premiums from acquisitions (92) (243) (384) (1,089) Amortization of broker placement fees 25 49 89 177 Total interest expense on deposits $ 9,978 $ 9,682 $ 25,324 $ 32,806 Total U.S. time deposits with balances of more than $250,000 amounted to $ 911.6 million and $ 990.2 million as of September 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 September 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 https://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 https://asc.fasb.org/extlink&oid=126897435&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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