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Deposits and Related Interest | 12 Months Ended
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Dec. 31, 2018
Deposits and Related Interest [Abstract] |
Deposit and Related Interest | NOTE 14— DEPOSITS AND RELATED INTEREST Total deposits, including related accrued interest payable, as of December 31, 2018 and 2017 consist of the following:
| December 31,
| 2018 |  | 2017
| (In thousands)
Non-interest bearing demand deposits | $ | 1,105,324 |  | $ | 969,525
Interest-bearing savings and demand deposits |  | 2,274,423 |  |  | 2,274,116
Retail certificates of deposit |  | 805,712 |  |  | 827,359
Institutional certificates of deposit |  | 197,559 |  |  | 209,951
Total core deposits |  | 4,383,018 |  |  | 4,280,951
Brokered deposits |  | 525,097 |  |  | 518,531
Total deposits | $ | 4,908,115 |  | $ | 4,799,482
Brokered deposits include $500.8 million in certificates of deposits and $24.3 million in money market accounts at December 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 0.67% and 0.65%, respectively, at December 31, 2018 and 2017. Interest expense for the years ended December 31, 2018, 2017, and 2016 was as follows:
| Year Ended December 31,
| 2018 |  | 2017 |  | 2016
| (In thousands)
Demand and savings deposits | $ | 12,478 |  | $ | 11,426 |  | $ | 12,004
Certificates of deposit |  | 20,475 |  |  | 18,872 |  |  | 17,249
| $ | 32,953 |  | $ | 30,298 |  | $ | 29,253
At December 31, 2018 and 2017, time deposits in denominations of $250 thousand or higher, excluding accrued interest and unamortized discounts, amounted to $346.0 million and $359.6 million, respectively. Such amounts include public funds time deposits from various Puerto Rico governm ent municipalities, agencies and corporations of $19.6 million and $3.5 million at a weighted average rate of 11 6.4% and 0.28% at December 31, 2018 and 2017, respectively. At December 31, 2018 and 2017, total public fund deposits from various Puerto Rico government municipalities, agencies and corporations amounted to $207.4 million and $153.1 million, respectively. These public funds were collateralized with commercial loans amounting to $281.2 million and $173.0 million at December 31, 2018 and 2017, respectively. Excluding accrued interest of approximately $3.1 million, the scheduled maturities of certificates of deposit at December 31, 2018 and 2017 are as follows:
| December 31,
|  | 2018 |  |  | 2017
| (In thousands)
Within one year: |  |  |  |  |
Three (3) months or less | $ | 305,088 |  | $ | 316,382
Over 3 months through 1 year |  | 545,363 |  |  | 508,285
|  | 850,451 |  |  | 824,667
Over 1 through 2 years |  | 484,197 |  |  | 470,670
Over 2 through 3 years |  | 89,340 |  |  | 137,016
Over 3 through 4 years |  | 34,018 |  |  | 36,125
Over 4 through 5 years |  | 42,998 |  |  | 38,623
| $ | 1,501,004 |  | $ | 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 December 31, 2018 and 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://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 + Details
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