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Deposits and Related Interest | 12 Months Ended
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Dec. 31, 2016
Deposits and Related Interest [Abstract] |
Deposit and Related Interest | NOTE 12— DEPOSITS AND RELATED INTEREST Total deposits, including related accrued interest payable, as of December 31, 2016 and 2015 consist of the following:
| December 31,
| 2016 |  | 2015
| (In thousands)
Non-interest bearing demand deposits | $ | 848,502 |  | $ | 762,009
Interest-bearing savings and demand deposits |  | 2,219,452 |  |  | 2,208,180
Individual retirement accounts |  | 265,754 |  |  | 268,799
Retail certificates of deposit |  | 563,965 |  |  | 441,998
Institutional certificates of deposit |  | 190,419 |  |  | 253,791
Total core deposits |  | 4,088,092 |  |  | 3,934,777
Brokered deposits |  | 576,395 |  |  | 782,974
Total deposits | $ | 4,664,487 |  | $ | 4,717,751
Brokered deposits include $508.4 million in certificates of deposits and $68.0 million in money market accounts at December 31, 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 0.6 2% and 0.57% at December 31, 2016, and 2015 respectively. Interest expense for the years ended December 31, 2016, 2015 and 2014 was as follows:
| Year Ended December 31,
| 2016 |  | 2015 |  | 2014 |
| (In thousands)
Demand and savings deposits | $ | 12,004 |  | $ | 12,414 |  | $ | 17,724 |
Certificates of deposit |  | 17,249 |  |  | 14,620 |  |  | 16,230 |
| $ | 29,253 |  | $ | 27,034 |  | $ | 33,954 |
At December 31, 2016 and 2015, demand and interest-bearing deposits and certificates of deposit included deposits of Puerto Rico Cash & Money Market Fund, Inc., which amounted to $15.3 million and $103.7 million, respectively, with a weighted average rate of 0.77% for both periods. As of December 31, 2015 deposits were collateralized with investment securities with a fair value of $81.6 million. As of December 31, 2016, these deposits were not collateralized. The Puerto Rico Cash & Money Market Fund, Inc.("the Fund") has commenced a process for its eventual dissolution and liquidation, as set forth in the no-objection letter issued by the OCFI on June 21, 2016. At December 31, 2016 and 2015, time deposits in denominations of $250 thousand or higher, excluding accrued interest and unamortized discounts, amounted to $344.0 million and $376.8 million, respectively. Such amounts include public fund time deposits from various Puerto Rico government municipalities, agencies, and corporations of $2.1 million and $7.6 million at a weighted average rate of 0.50% and 0.49% at December 31, 2016 and 2015, respectively. At December 31, 2016 and 2015, total public fund dep osits from various Puerto Rico government municipalities, agencies, and corporations amounted to $170.7 million and $99.0 million, respectively. These public funds were collateralized with commercial loans amounting to $209.2 million at December 31, 2016 a nd $410.9 million at December 31, 2015 Excluding accrued interest of $1.7 million, the scheduled maturities of certificates of deposit at December 31, 2016 are as follows:
| December 31, 2016
| (In thousands)
Within one year: |  |  |
Three (3) months or less | $ | 277,621 |
Over 3 months through 1 year |  | 534,548 |
|  | 812,169 |
Over 1 through 2 years |  | 488,440 |
Over 2 through 3 years |  | 154,545 |
Over 3 through 4 years |  | 29,701 |
Over 4 through 5 years |  | 41,949 |
| $ | 1,526,804 |
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 $575 thousand and $1.5 million as of December 31, 2016 and 2015, respectively.

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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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