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Deposits | 12 Months Ended
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Dec. 31, 2021
Statistical Disclosure for Banks [Abstract] |
Deposits | DEPOSITS The composition of the deposit portfolio is included in the table below for the years indicated:
| December 31, 2021 |  | December 31, 2020
Demand deposits | $ | 7,704,190 |  |  | $ | 6,821,152 |
Savings deposits | 4,334,802 |  |  | 3,661,713 |
Certificates and other time deposits of $100,000 or more | 273,379 |  |  | 346,194 |
Other certificates and time deposits | 389,752 |  |  | 459,168 |
Brokered deposits | 30,454 |  |  | 73,383 |
Total deposits | $ | 12,732,577 |  |  | $ | 11,361,610 |
At December 31, 2021 and 2020, deposits exceeding the FDIC's Standard Maximum Deposit Insurance Amount of $250,000 were $7.6 billion and $6.4 billion, respectively. The Corporation experienced increases from December 31, 2020 in demand and savings accounts of $883.0 million and $673.1 million, respectively. A portion of the increase is due to PPP loans that have remained on deposit, in addition to consumer Economic Impact Payments from the IRS that have also remained on deposit. Offsetting these increases were decreases in certificates of deposit and brokered deposits of $142.2 million and $42.9 million, respectively, from December 31, 2020. The low interest rate environment has resulted in customers migrating funds from maturing time deposit products into non-maturity products due to similar rates offered for both products. At December 31, 2021, the contractual maturities of time deposits are summarized as follows:
| Certificates and Other Time Deposits
2022 | $ | 548,203 |
2023 | 108,558 |
2024 | 15,506 |
2025 | 10,394 |
2026 | 9,662 |
After 2026 | 1,262 |
| $ | 693,585 |

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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=120398452&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 + Details
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