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Note 7 - Deposits | 12 Months Ended
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Dec. 31, 2019
Notes to Financial Statements |
Deposit Liabilities Disclosures [Text Block] |
7. | Deposits
The following table displays deposit balances as of December 31, 2019, and December 31, 2018:
|  | As of December 31, |
|  | 2019 |  |  | 2018 |
|  | (In thousands) |
Demand |  | $ | 2,871,444 |  |  | $ | 2,857,443 |
NOW accounts |  |  | 1,358,152 |  |  |  | 1,365,763 |
Money market accounts |  |  | 2,260,764 |  |  |  | 2,027,404 |
Saving accounts |  |  | 758,903 |  |  |  | 738,656 |
Time deposits |  |  | 7,443,045 |  |  |  | 6,713,074 |
Total |  | $ | 14,692,308 |  |  | $ | 13,702,340 |
Time deposits outstanding as of December 31, 2019, mature as follows.
|  | Expected Maturity Date at December 31, |  |  |  |  |
|  | 2020 |  |  | 2021 |  |  | 2022 |  |  | 2023 |  |  | 2024 |  |  | Thereafter |  |  | Total |
|  | (In thousands) |
Time deposits |  | $ | 6,750,080 |  |  | $ | 635,144 |  |  | $ | 20,323 |  |  | $ | 37,430 |  |  | $ | 56 |  |  | $ | 12 |  |  | $ | 7,443,045 |
Accrued interest payable on customer deposits was $22.3 million at December 31, 2019, $10.5 million at December 31, 2018, and $4.4 million at December 31, 2017. The following table summarizes the interest expense on deposits by account type for the years ended December 31, 2019, 2018, and 2017:
|  | Year Ended December 31, |
|  | 2019 |  |  | 2018 |  |  | 2017 |
|  | (In thousands) |
Interest bearing demand |  | $ | 2,371 |  |  | $ | 2,718 |  |  | $ | 2,242 |
Money market accounts |  |  | 21,508 |  |  |  | 16,202 |  |  |  | 15,062 |
Saving accounts |  |  | 1,432 |  |  |  | 1,583 |  |  |  | 1,772 |
Time deposits |  |  | 152,791 |  |  |  | 86,368 |  |  |  | 46,768 |
Total |  | $ | 178,102 |  |  | $ | 106,871 |  |  | $ | 65,844 |
The aggregate amount of domestic time deposits in denominations that meet or exceed the current FDIC insurance limit of $250,000 was $3.1 billion and $2.8 billion as of December 31, 2019 and 2018, respectively. Foreign offices time deposits of $192.9 million and $174.4 million as of December 31, 2019 and 2018, respectively, were in denominations of $250,000 or more.

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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=6876686&loc=d3e534808-122878 + Details
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