XML 31 R16.htm IDEA: XBRL DOCUMENT
v3.20.4

Deposits | 12 Months Ended
--- | ---
Dec. 31, 2020
Deposits [Abstract] |
Deposits | Note 8 — Deposits Time deposits at or exceeding the FDIC insurance limit of $250,000 at year-end 2020 and 2019 were $311.8 million and $299.9 million, respectively. At December 31, 2020, the scheduled maturities of time deposits are as follows:
Year Ending December 31, |  | Time Deposits of $250,000 or More |  |  | Other Time Deposits |  |  | Total |
|  | (in thousands) |
2021 |  | $ | 296,455 |  |  | $ | 825,677 |  |  | $ | 1,122,132 |
2022 |  |  | 14,315 |  |  |  | 115,832 |  |  |  | 130,148 |
2023 |  |  | 804 |  |  |  | 22,881 |  |  |  | 23,685 |
2024 |  |  | — |  |  |  | 5,382 |  |  |  | 5,382 |
2025 & thereafter |  |  | 264 |  |  |  | 2,089 |  |  |  | 2,352 |
Total |  | $ | 311,838 |  |  | $ | 971,861 |  |  | $ | 1,283,699 |
A summary of interest expense on deposits was as follows for the periods indicated:
|  | Year Ended December 31, |
|  | 2020 |  |  | 2019 |  |  | 2018 |
|  | (in thousands) |
Demand: interest-bearing |  | $ | 70 |  |  | $ | 116 |  |  | $ | 106 |
Money market and savings |  |  | 11,016 |  |  |  | 23,556 |  |  |  | 16,182 |
Time deposits of $250,000 or more |  |  | 3,521 |  |  |  | 6,338 |  |  |  | 9,598 |
Other time deposits |  |  | 19,387 |  |  |  | 33,095 |  |  |  | 17,194 |
Total interest expense on deposits |  | $ | 33,994 |  |  | $ | 63,105 |  |  | $ | 43,080 |
Accrued interest payable on deposits was $4.6 million and $11.2 million at December 31, 2020 and 2019, respectively. Total deposits reclassified to loans due to overdrafts at December 31, 2020 and 2019 were $241,000 and $1.5 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