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Deposits

9 Months Ended

Sep. 30, 2022

Deposit [Abstract]

Deposits

DEPOSITS

The components of deposits at September 30, 2022 and December 31, 2021 were as follows:

			September 30, 2022						December 31, 2021
(amounts in thousands)
Demand, non-interest bearing			$	2,993,793					$	4,459,790
Demand, interest bearing			7,124,663						6,488,406
Savings, including money market deposit accounts			5,505,969						5,322,390
Time			1,898,013						507,338
Total deposits			$	17,522,438					$	16,777,924

The scheduled maturities for time deposits at September 30, 2022 were as follows:

(amounts in thousands)			September 30, 2022
2022			$	459,951
2023			1,357,068
2024			75,623
2025			2,415
2026			1,567
Thereafter			1,389
Total time deposits			$	1,898,013

Time deposits greater than the FDIC limit of $250,000 totaled $1.7 billion and $259.0 million at September 30, 2022 and December 31, 2021, respectively.

Included in the demand, interest bearing balances above were $1.4 billion and $1.7 billion of brokered demand deposits at September 30, 2022 and December 31, 2021, respectively. Included in the savings and money market deposit account ("MMDA") balances above were $715.6 million and $480.5 million of brokered money market deposits at September 30, 2022 and December 31, 2021, respectively. Included in time deposits above were $1.6 billion of brokered time deposits at September 30, 2022. There were no brokered time deposits included in time deposits above as of December 31, 2021.

Demand deposit overdrafts reclassified as loans were $4.2 million and $2.8 million at September 30, 2022 and December 31, 2021, respectively.

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- Definition

Deposit

+ References

No definition available.

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X

- 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

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