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Time Deposits and Related Party Deposits

12 Months Ended

Dec. 31, 2018

Time Deposits and Related Party Deposits [Abstract]

Time Deposits and Related Party Deposits

Note 9. Time Deposits and Related Party Deposits

At December 31, 2018, the scheduled maturities of time deposits were as follows:

($ in thousands)
2019		$	753,537
2020			117,229
2021			48,477
2022			21,726
2023			13,136
Thereafter			817
		$	954,922

Deposits received from executive officers and directors and their associates totaled approximately $1.0 million and $3.8 million at December 31, 2018 and 2017, respectively. These deposit accounts have substantially the same terms, including interest rates, as those prevailing at the time for comparable transactions with other non-related depositors.

As of December 31, 2018 and 2017, the Company held $503.1 million and $405.1 million, respectively, in time deposits of $250,000 or more (which is the current FDIC insurance limit for insured deposits as of December 31, 2018). Included in these deposits were brokered deposits of $239.9 million and $234.0 million at December 31, 2018 and 2017, respectively.

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- References

No definition available.

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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=50488274&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

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