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Note 8: Deposits | 12 Months Ended
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Dec. 31, 2019
Notes |
Note 8: Deposits | Note 8: Deposits Deposits at December 31, 2019 and 2018, are summarized as follows:
| Weighted Average |  |  |  |
| Interest Rate |  |  | 2019 |  |  | 2018
|  |  | (In Thousands, Except Interest Rates)
Noninterest-bearing accounts | — |  | $ | 687,068 |  | $ | 661,061
Interest-bearing checking and |  |  |  |  |  |  |
savings accounts | 0.55% and 0.46% |  |  | 1,551,929 |  |  | 1,472,535
|  |  |  | 2,238,997 |  |  | 2,133,596
Certificate accounts | 0% - 0.99% |  |  | 122,649 |  |  | 150,656
| 1% - 1.99% |  |  | 523,816 |  |  | 511,873
| 2% - 2.99% |  |  | 1,053,914 |  |  | 857,973
| 3% - 3.99% |  |  | 19,849 |  |  | 69,793
| 4% - 4.99% |  |  | 881 |  |  | 1,116
| 5% and above |  |  | — |  |  | —
|  |  |  | 1,721,109 |  |  | 1,591,411
|  |  | $ | 3,960,106 |  | $ | 3,725,007
The weighted average interest rate on certificates of deposit was 2.09% and 1.98% at December 31, 2019 and 2018, respectively. The aggregate amount of certificates of deposit originated by the Bank in denominations greater than $100,000 was approximately $830.8 million and $733.9 million at December 31, 2019 and 2018, respectively. The Bank utilizes brokered deposits as an additional funding source. The aggregate amount of brokered deposits was approximately $371.7 million and $326.9 million at December 31, 2019 and 2018, respectively. At December 31, 2019, scheduled maturities of certificates of deposit were as follows:
|  | Retail |  |  | Brokered |  |  | Total
|  | (In Thousands)
2020 | $ | 1,079,690 |  | $ | 304,302 |  | $ | 1,383,992
2021 |  | 185,122 |  |  | — |  |  | 185,122
2022 |  | 53,841 |  |  | 13,751 |  |  | 67,592
2023 |  | 17,762 |  |  | 42,448 |  |  | 60,210
2024 |  | 12,164 |  |  | 11,200 |  |  | 23,364
Thereafter |  | 829 |  |  | — |  |  | 829
| $ | 1,349,408 |  | $ | 371,701 |  | $ | 1,721,109
A summary of interest expense on deposits for the years ended December 31, 2019, 2018 and 2017, is as follows:
|  | 2019 |  |  | 2018 |  |  | 2017
|  | (In Thousands)
Checking and savings accounts | $ | 7,971 |  | $ | 5,982 |  | $ | 4,699
Certificate accounts |  | 37,723 |  |  | 22,149 |  |  | 16,009
Early withdrawal penalties |  | (124) |  |  | (174) |  |  | (113)
| $ | 45,570 |  | $ | 27,957 |  | $ | 20,595

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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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