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DEPOSITS | 3 Months Ended
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Mar. 31, 2023
DEPOSITS [Abstract] |
DEPOSITS | NOTE 8 – DEPOSITS The following table summarizes deposit balances as of the indicated dates: March 31, 2023 December 31, 2022 (In thousands) Type of account and interest rate: Non-interest-bearing deposit accounts $ 6,024,304 $ 6,112,884 Interest-bearing saving accounts 3,808,182 3,902,888 Interest-bearing checking accounts 3,547,963 3,770,993 Certificates of deposit (“CDs”) 2,418,611 2,250,876 Brokered CDs 252,905 105,826 Total $ 16,051,965 $ 16,143,467 The following table presents the contractual maturities of CDs, including brokered CDs, as of March 31, 2023: Total (In thousands) Three months or less $ 499,307 Over three months to six months 361,274 Over six months to one year 732,933 Over one year to two years 751,913 Over two years to three years 155,590 Over three years to four years 46,748 Over four years to five years 117,009 Over five years 6,742 Total $ 2,671,516 The following were the components of interest expense on deposits for the indicated periods: Quarter Ended March 31, 2023 2022 (In thousands) Interest expense on deposits $ 29,924 $ 7,817 Accretion of premiums from acquisitions (83) (200) Amortization of broker placement fees 44 35 Total $ 29,885 $ 7,652 Total U.S. time deposits with balances of more than $250,000 amounted to $ 1.1 billion and $ 1.0 billion as of March 31, 2023 and December 31, 2022, 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 March 31, 2023 and December 31, 2022, unamortized broker placement fees amounted to $ 0.4 million and $ 0.3 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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