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Deposits
12 Months Ended
Dec. 31, 2019
Deposits [Abstract]  
Deposits

(9.)

DEPOSITS

A summary of deposits as of December 31 are as follows (in thousands):

 

 

 

2019

 

 

2018

 

Noninterest-bearing demand

 

$

707,752

 

 

$

755,460

 

Interest-bearing demand

 

 

627,842

 

 

 

622,482

 

Savings and money market

 

 

1,039,892

 

 

 

968,897

 

Time deposits, due:

 

 

 

 

 

 

 

 

Within one year

 

 

1,099,488

 

 

 

871,007

 

One to two years

 

 

60,868

 

 

 

91,028

 

Two to three years

 

 

14,869

 

 

 

40,151

 

Three to four years

 

 

3,251

 

 

 

15,956

 

Four to five years

 

 

1,708

 

 

 

1,921

 

Thereafter

 

 

5

 

 

 

5

 

Total time deposits

 

 

1,180,189

 

 

 

1,020,068

 

Total deposits

 

$

3,555,675

 

 

$

3,366,907

 

 

Time deposits in denominations of $250,000 or more at December 31, 2019 and 2018 amounted to $287.0 million and $209.6 million, respectively.

Interest expense by deposit type for the years ended December 31 is summarized as follows (in thousands):

 

 

 

2019

 

 

2018

 

 

2017

 

Interest-bearing demand

 

$

1,372

 

 

$

1,067

 

 

$

897

 

Savings and money market

 

 

4,365

 

 

 

2,887

 

 

 

1,487

 

Time deposits

 

 

22,757

 

 

 

15,101

 

 

 

8,709

 

Total interest expense on deposits

 

$

28,494

 

 

$

19,055

 

 

$

11,093