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Deposits and Related Interest | 9 Months Ended
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Sep. 30, 2016
Deposits and Related Interest [Abstract] |
Deposit and Related Interest | NOTE 9— DEPOSITS AND RELATED INTEREST Total deposits, including related accrued interest payable, as of September 30, 2016 and December 31, 2015 consists of the following:
|  | September 30, |  |  | December 31,
| 2016 |  | 2015
| (In thousands)
Non-interest bearing demand deposits | $ | 818,153 |  | $ | 762,009
Interest-bearing savings and demand deposits |  | 2,312,885 |  |  | 2,208,180
Individual retirement accounts |  | 267,955 |  |  | 268,799
Retail certificates of deposit |  | 549,945 |  |  | 441,998
Institutional certificates of deposit |  | 224,672 |  |  | 253,791
Total core deposits |  | 4,173,610 |  |  | 3,934,777
Brokered deposits |  | 581,161 |  |  | 782,974
Total deposits | $ | 4,754,771 |  | $ | 4,717,751
Brokered deposits include $515.9 million in certificates of deposits and $65.3 million in money market accounts at September 30, 2016, and $711.4 million in certificates of deposits and $71.6 million in money market accounts at December 31, 2015. T he weighted average interest rate of the Company’s deposits was 0.62% and 0.57% at September 30, 2016 and December 31, 2015, respectively. Interest expense for the quarters and nine-month periods ended September 30, 2016 and 2015 was as follows:
| Quarter Ended September 30, |  | Nine-Month Period Ended September 30,
| 2016 |  | 2015 |  | 2016 |  | 2015
| (In thousands) |  | (In thousands)
Demand and savings deposits | $ | 3,035 |  | $ | 2,987 |  | $ | 9,061 |  | $ | 9,469
Certificates of deposit |  | 4,296 |  |  | 3,664 |  |  | 12,761 |  |  | 10,890
| $ | 7,331 |  | $ | 6,651 |  | $ | 21,822 |  | $ | 20,359
At September 30, 2016 and December 31, 2015, demand and interest-bearing deposits and certificates of deposit included deposits of the Puerto Rico Cash & Money Market Fund, Inc., which amounted to $114.8 million and $103.7 million, respectively, with a weighted average rate of 0.77% for both periods, and were collateralized with investment securities with a fair value of $87.4 million and $81.6 million, respectively. At September 30, 2016 and December 31, 2015, time deposits in denominations of $25 0 thousand or higher, excluding accrued interest and unamortized discounts, amounted to $371.3 million and $376.8 million, respectively. Such amounts include public fund time deposits from various Puerto Rico government municipalities, agencies, and corporations of $9.2 million and $7.6 million at a weighted average rate of 0.4 5% and 0.49% at September 30, 2016 and December 31, 2015, respectively. At September 30, 2016 a nd December 31, 2015, total public fund deposits from various Puerto Rico government municipalities, agencies, and corporations amounted to $165.0 million and $99.0 million, respectively. These public funds were collateralized with commercial loans amounting to $209.3 million and $410.9 million at September 30, 2016 and December 31, 2015, respectively. E xcluding accrued interest of $1.5 million and unamortized deposit discount in the amount of $72 thousand at September 30, 2016, and accrued interest of $1.5 million, unamortized deposit discount of $311 thousand and equity indexed options of $1.1 million at December 31, 2015, the scheduled maturities of certificates of deposit are as follows:
| September 30, 2016 |  | December 31, 2015
| (In thousands)
Within one year: |  |  |  |  |
Three (3) months or less | $ | 197,615 |  | $ | 474,051
Over 3 months through 1 year |  | 592,382 |  |  | 501,551
|  | 789,997 |  |  | 975,602
Over 1 through 2 years |  | 514,665 |  |  | 454,906
Over 2 through 3 years |  | 165,838 |  |  | 176,406
Over 3 through 4 years |  | 42,569 |  |  | 32,396
Over 4 through 5 years |  | 43,816 |  |  | 33,715
| $ | 1,556,885 |  | $ | 1,673,025
The table of scheduled maturities of certificates of deposits above includes brokered-deposits and individual retirement accounts. The aggregate amount of overdrafts in demand deposit accounts that were reclassified to loans amounted to $780 thousand as of September 30, 2016 and $1.5 million as of December 31, 2015.

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- Definition Deposits and related interest. + References No definition available. + Details
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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://www.xbrl.org/2003/role/presentationRef -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://www.xbrl.org/2003/role/presentationRef -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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