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Deposits and Related Interest | 3 Months Ended
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Mar. 31, 2020
Deposits and Related Interest [Abstract] |
Deposits and Related Interest | NOTE 12— DEPOSITS AND RELATED INTEREST Total deposits, including related accrued interest payable, as of March 31, 2020 and December 31, 2019 consist of the following:
| March 31, |  | December 31,
| 2020 |  | 2019
| (In thousands)
Non-interest bearing demand deposits | $ | 1,712,943 |  | $ | 1,675,315
Interest-bearing savings and demand deposits |  | 3,827,602 |  |  | 3,718,846
Retail certificates of deposit |  | 1,759,487 |  |  | 1,781,237
Institutional certificates of deposit |  | 263,725 |  |  | 279,714
Total core deposits |  | 7,563,757 |  |  | 7,455,112
Brokered deposits |  | 255,514 |  |  | 243,498
Total deposits | $ | 7,819,271 |  | $ | 7,698,610
Brokered deposits include $212.8 million in certificates of deposits and $42.7 million in money market accounts at March 31, 2020, and $222.1 million in certificates of deposits and $21.4 million in money market accounts at December 31, 2019.The weighted average interest rate of Oriental’s deposits was 0.90% and 0.86%, respectively, at March 31, 2020 and December 31, 2019. Interest expense for the quarters ended March 31, 2020 and 2019 was as follows:
| Quarter Ended March 31,
| 2020 |  | 2019
| (In thousands)
Demand and savings deposits | $ | 6,985 |  | $ | 3,411
Certificates of deposit |  | 9,635 |  |  | 5,638
| $ | 16,620 |  | $ | 9,049
At March 31, 2020 and December 31, 2019, time deposits in denominations of $250 thousand or higher, excluding accrued interest and unamortized discounts, amounted to $683.6 million and $692.1 million, respectively. Such amounts include public funds time deposits from various Puerto Rico government municipalities, agencies and corporations of $243.4 million and $257.2 million at a weighted average rate of 58.0% and 67.0% at March 31, 2020 and December 31, 2019, respectively. At March 31, 2020 and December 31, 2019, total public fund deposits from various Puerto Rico government municipalities, agencies and corporations amounted to $264.4 million and $278.7 million, respectively. These public funds were collateralized with commercial loans and securities amounting to $325.8 million and $320.8 million at March 31, 2020 and December 31, 2019, respectively. Excluding accrued interest of approximately $10.8 million, the scheduled maturities of certificates of deposit at March 31, 2020 and December 31, 2019 are as follows:
| March 31, |  | December 31,
|  | 2020 |  |  | 2019
| (In thousands)
Within one year: |  |  |  |  |
Three (3) months or less | $ | 253,498 |  | $ | 314,796
Over 3 months through 1 year |  | 984,807 |  |  | 881,183
|  | 1,238,305 |  |  | 1,195,979
Over 1 through 2 years |  | 641,084 |  |  | 732,421
Over 2 through 3 years |  | 183,694 |  |  | 175,032
Over 3 through 4 years |  | 87,391 |  |  | 89,148
Over 4 through 5 years |  | 74,803 |  |  | 78,706
| $ | 2,225,277 |  | $ | 2,271,286
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 $709 thousand and $1.0 million as of March 31, 2020 and December 31, 2019, 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=116652737&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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