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Deposits
12 Months Ended
Dec. 31, 2017
Banking and Thrift [Abstract]  
Deposits
13. DEPOSITS

The composition of deposits is summarized for the periods presented in the table below.

 

    As of December 31,  
    2017     2016  
    Amount     Percent     Amount     Percent  
    (Dollars in thousands)  

Noninterest-bearing deposits

    $ 3,846,436          58.75%         $ 3,673,541         58.22%    

Interest-bearing deposits:

       

Investment checking

    433,971          6.63%         407,058         6.45%    

Money market

    1,517,050          23.17%         1,504,021         23.84%    

Savings

    364,049          5.56%         342,236         5.42%    

Time deposits

    385,347          5.89%         382,824         6.07%    
 

 

 

   

 

 

   

 

 

   

 

 

 

Total deposits

    $   6,546,853              100.00%         $     6,309,680             100.00%    
 

 

 

   

 

 

   

 

 

   

 

 

 

Time deposits with balances of $250,000 or more amounted to approximately $108.5 million and $104.7 million at December 31, 2017 and 2016, respectively. Interest expense on such deposits amounted to approximately $545,000, $444,000 and $787,000, for the years ended December 31, 2017, 2016 and 2015, respectively.

At December 31, 2017, the scheduled maturities of time certificates of deposit are as follows.

 

     December 31, 2017  

Year of maturity:

   (Dollars in thousands)  

2018

     $ 354,055     

2019

     14,173     

2020

     7,196     

2021

     1,562     

2022 and thereafter

     8,361     
  

 

 

 

Total

     $                 385,347