XML 33 R18.htm IDEA: XBRL DOCUMENT v3.20.4

Deposits

12 Months Ended

Dec. 31, 2020

Deposits [Abstract]

Deposits

Deposits

Deposits consisted of the following: 

			December 31, 2020												December 31, 2019
			Amount						Percent						Amount						Percent
			(Dollars in thousands)
Noninterest demand deposits			$	1,980,531					35.4		%				$	1,446,502					31.6		%
Interest bearing demand deposits			1,716,123						30.7						1,348,817						29.4
Money market accounts			962,983						17.2						753,684						16.4
Savings accounts			538,819						9.6						509,095						11.2
Total non-maturity deposits			5,198,456						92.9						4,058,098						88.6
Certificates of deposit			399,534						7.1						524,578						11.4
Total deposits			$	5,597,990					100.0		%				$	4,582,676					100.0		%

Deposit accounts overdrawn and reclassified to Loans receivable were $187,000 and $425,000 as of December 31, 2020 and December 31, 2019. Accrued interest payable on deposits was $73,000 and $160,000 as of December 31, 2020 and December 31, 2019, respectively and is included in Accrued expenses and other liabilities in the Consolidated Statements of Financial Condition.

Interest expense, by category, was as follows:

			Year Ended December 31,
			2020						2019						2018
			(In thousands)
Interest bearing demand deposits			$	3,234					$	3,940					$	2,728
Money market accounts			2,830						2,754						1,654
Savings accounts			527						2,634						2,056
Certificates of deposit			5,674						7,021						3,959
Total interest expense			$	12,265					$	16,349					$	10,397

Scheduled maturities of certificates of deposit for future years are as follows:

			Year Ending December 31,
			(In thousands)
2021			$	325,686
2022			39,821
2023			21,822
2024			7,550
2025			4,625
Thereafter			30
Total			$	399,534

Certificates of deposit issued in denominations equal to or in excess of $250,000 totaled $123.1 million and $182.9 million as of December 31, 2020 and December 31, 2019, respectively.

Deposits received from related parties as of December 31, 2020 and December 31, 2019 totaled $6.3 million and $6.9 million, respectively.

X

- 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=120398452&loc=d3e534808-122878

+ Details

Name:	us-gaap_DepositLiabilitiesDisclosuresTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_DepositsAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration