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DEPOSITS
9 Months Ended
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.