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Deposits and Related Interest | 3 Months Ended
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Mar. 31, 2018
Deposits and Related Interest [Abstract] |
Deposit and Related Interest | NOTE 11— DEPOSITS AND RELATED INTEREST Total deposits, including related accrued interest payable, as of March 31, 2018 and December 31, 2017 consist of the following:
| March 31, |  | December 31,
| 2018 |  | 2017
| (In thousands)
Non-interest bearing demand deposits | $ | 1,071,648 |  | $ | 969,525
Interest-bearing savings and demand deposits |  | 2,274,855 |  |  | 2,274,116
Individual retirement accounts |  | 219,427 |  |  | 231,376
Retail certificates of deposit |  | 592,307 |  |  | 595,983
Institutional certificates of deposit |  | 200,595 |  |  | 209,951
Total core deposits |  | 4,358,832 |  |  | 4,280,951
Brokered deposits |  | 474,596 |  |  | 518,531
Total deposits | $ | 4,833,428 |  | $ | 4,799,482
Brokered deposits include $4 28.8 million in certificates of deposits and $45.8 million in money market accounts at March 31, 2018, and $471.6 million in certificates of deposits and $46.9 million in money market accounts at December 31, 2017. The weighted average interest rate of Oriental’s deposits was 0.62% and 0.65% at March 31, 2018 and December 31, 2017, respectively. Interest expense for the quarters ended March 31, 2018 and 2017 was as follows:
| Quarter Ended March 31,
| 2018 |  | 2017
| (In thousands)
Demand and savings deposits | $ | 2,812 |  | $ | 2,909
Certificates of deposit |  | 4,486 |  |  | 4,444
| $ | 7,298 |  | $ | 7,353
At March 31, 2018 and December 31, 2017, time deposits in denominations of $250 thousand or higher, excluding accrued interest and unamortized discounts, amounted to $352.5 million and $3 59.6 million, respectively. Such amounts include public funds time deposits from various Puerto Rico government municipalities, agencies, and corporations of $2.3 million and $3.5 million at a weighted average rate of 0.30% and 0.28% at March 31, 2018 and December 31, 2017, respectively. At March 31, 2018 a nd December 31, 2017, total public fund deposits from various Puerto Rico government municipalities, agencies, and corporations amounted to $127.3 million and $1 53.1 million, respectively. These public funds were collateralized with commercial loans amount ing to $172.0 million and $173.0 million at March 31, 2018 and December 31, 2017, respectively. Excluding accrued interest of approximately $1.7 million, the scheduled maturities of certificates of deposit at March 31, 2018 and 2017 are as follows:
| March 31, |  | December 31,
|  | 2018 |  |  | 2017
| (In thousands)
Within one year: |  |  |  |  |
Three (3) months or less | $ | 318,599 |  | $ | 316,382
Over 3 months through 1 year |  | 462,655 |  |  | 508,285
|  | 781,254 |  |  | 824,667
Over 1 through 2 years |  | 462,528 |  |  | 470,670
Over 2 through 3 years |  | 121,506 |  |  | 137,016
Over 3 through 4 years |  | 36,936 |  |  | 36,125
Over 4 through 5 years |  | 37,247 |  |  | 38,623
| $ | 1,439,471 |  | $ | 1,507,101
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 $1.1 million and $2.2 million as of March 31, 2018 and December 31, 2017, 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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