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Deposits | 12 Months Ended
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Dec. 31, 2019
Banking and Thrift [Abstract] |
Deposits |
12. | DEPOSITS
The composition of deposits is summarized for the periods presented in the table below.
|  | December 31, |
|  | 2019 |  |  | 2018 |
|  | Amount |  |  | Percent |  |  | Amount |  |  | Percent |
|  | (Dollars in thousands) |
Noninterest-bearing deposits |  | $ | 5,245,517 |  |  |  | 60.26 | % |  | $ | 5,204,787 |  |  |  | 58.96 | %
Interest-bearing deposits |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Investment checking |  |  | 454,565 |  |  |  | 5.22 | % |  |  | 460,972 |  |  |  | 5.22 | %
Money market |  |  | 2,158,161 |  |  |  | 24.79 | % |  |  | 2,236,018 |  |  |  | 25.33 | %
Savings |  |  | 400,377 |  |  |  | 4.60 | % |  |  | 393,769 |  |  |  | 4.46 | %
Time deposits |  |  | 446,308 |  |  |  | 5.13 | % |  |  | 531,944 |  |  |  | 6.03 | %
Total deposits |  | $ | 8,704,928 |  |  |  | 100.00 | % |  | $ | 8,827,490 |  |  |  | 100.00 | %
Time deposits with balances of $250,000 or more amounted to approximately $107.9 million and $125.4 million at December 31, 2019 and 2018, respectively. Interest expense on such deposits amounted to approximately $926,000, $1.1 million and $545,000, for the years ended December 31, 2019, 2018 and 2017, respectively. At December 31, 2019, the scheduled maturities of time certificates of deposit are as follows.
|  | December 31, 2019 |
Year of maturity: |  | (Dollars in thousands) |
2020 |  | $ | 367,102 |
2021 |  |  | 58,488 |
2022 |  |  | 9,487 |
2023 |  |  | 1,616 |
2024 and thereafter |  |  | 9,615 |
Total |  | $ | 446,308 |

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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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