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Deposits and Related Interest | 6 Months Ended
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Jun. 30, 2019
Deposits and Related Interest [Abstract] |
Deposit and Related Interest | NOTE 10— DEPOSITS AND RELATED INTEREST Total deposits, including related accrued interest payable, as of June 30, 2019 and December 31, 2018 consist of the following:
| June 30, |  | December 31,
| 2019 |  | 2018
| (In thousands)
Non-interest bearing demand deposits | $ | 1,075,744 |  | $ | 1,105,324
Interest-bearing savings and demand deposits |  | 2,344,576 |  |  | 2,274,423
Retail certificates of deposit |  | 914,358 |  |  | 805,712
Institutional certificates of deposit |  | 222,052 |  |  | 197,559
Total core deposits |  | 4,556,730 |  |  | 4,383,018
Brokered deposits |  | 388,407 |  |  | 525,097
Total deposits | $ | 4,945,137 |  | $ | 4,908,115
Brokered deposits include $366.7 million in certificates of deposits and $21.7 million in money market accounts at June 30, 2019, and $500.8 million in certificates of deposits and $24.3 million in money market accounts at December 31, 2018. As part of the sale $349.7 million available-for-sale mortgage-backed securities during the quarter ended June 30, 2019, the Company reduced $62.8 million brokered deposits. The weighted average inte rest rate of Oriental’s deposits was 0.80% and 0.67%, respectively, at June 30, 2019 and December 31, 2018. Interest expense for the quarters and six-month periods ended June 30, 2019 and 2018 was as follows:
| Quarter Ended June 30, |  | Six-Month Period Ended June 30,
| 2019 |  | 2018 |  | 2019 |  | 2018
| (In thousands)
Demand and savings deposits | $ | 3,948 |  | $ | 2,956 |  | $ | 7,359 |  | $ | 5,768
Certificates of deposit |  | 6,043 |  |  | 4,695 |  |  | 11,681 |  |  | 9,181
| $ | 9,991 |  | $ | 7,651 |  | $ | 19,040 |  | $ | 14,949
At June 30, 2019 and December 31, 2018, time deposits in denominations of $250 thousand or higher, excluding accrued interest and unamortized discounts, amounted to $403.4 million and $346.0 million, respectively. Such amounts include public funds time deposits from various Puerto Rico government municipalities, agencies and corporations of $29.3 million and $19.6 million at a weighted average rate of 134.3% and 116.4% at June 30, 2019 a nd December 31, 2018, respectively. At June 30, 2019 and December 31, 2018, total public fund deposits from various Puerto Rico government municipalities, agencies and corporations amounted to $276.9 million and $207.4 million, respectively. These pu blic funds were collateralized with commercial loans and securities amounting to $310.9 million and $281.2 million at June 30, 2019 and December 31, 2018, respectively. Excluding accr ued interest of approximately $2.5 million, the scheduled maturities of certificates of deposit at June 30, 2019 and December 31, 2018 are as follows:
| June 30, |  | December 31,
|  | 2019 |  |  | 2018
| (In thousands)
Within one year: |  |  |  |  |
Three (3) months or less | $ | 288,380 |  | $ | 305,088
Over 3 months through 1 year |  | 436,659 |  |  | 545,363
|  | 725,039 |  |  | 850,451
Over 1 through 2 years |  | 617,425 |  |  | 484,197
Over 2 through 3 years |  | 81,874 |  |  | 89,340
Over 3 through 4 years |  | 41,005 |  |  | 34,018
Over 4 through 5 years |  | 35,243 |  |  | 42,998
| $ | 1,500,586 |  | $ | 1,501,004
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 $995 thousand and $1.1 million as of June 30, 2019 and December 31, 2018, 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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