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DEPOSITS (Tables)
 6 Months Ended
Jun. 30, 2020
Deposits [Abstract]  
Schedule of Details of Total Deposits

The following table sets forth the details of total deposits as of June 30, 2020 and December 31, 2019:

 

 

 

June 30,

 

 

December 31,

 

 

 

2020

 

 

2019

 

(Dollars in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Noninterest-bearing demand deposits

 

$

911,989

 

 

 

18.80

%

 

$

529,281

 

 

 

12.47

%

Interest-bearing checking (1)

 

 

1,804,102

 

 

 

37.18

 

 

 

1,510,363

 

 

 

35.59

 

Savings

 

 

123,140

 

 

 

2.54

 

 

 

112,652

 

 

 

2.66

 

Money market

 

 

1,183,603

 

 

 

24.39

 

 

 

1,196,313

 

 

 

28.19

 

Certificates of deposit - retail

 

 

629,941

 

 

 

12.98

 

 

 

633,763

 

 

 

14.94

 

Certificates of deposit - listing service

 

 

35,327

 

 

 

0.73

 

 

 

47,430

 

 

 

1.12

 

Subtotal deposits

 

 

4,688,102

 

 

 

96.62

 

 

 

4,029,802

 

 

 

94.97

 

Interest-bearing demand - Brokered

 

 

130,000

 

 

 

2.68

 

 

 

180,000

 

 

 

4.24

 

Certificates of deposit - Brokered

 

 

33,736

 

 

 

0.70

 

 

 

33,709

 

 

 

0.79

 

Total deposits

 

$

4,851,838

 

 

 

100.00

%

 

$

4,243,511

 

 

 

100.00

%

 

(1)

Interest-bearing checking includes $671.8 million at June 30, 2020 and $423.8 million at December 31, 2019 of reciprocal balances in the Reich & Tang or Promontory Demand Deposit Marketplace program.
Scheduled Maturities of Time Deposits

 

The scheduled maturities of certificates of deposit, including brokered certificates of deposit, as of June 30, 2020 are as follows:

 

(In thousands)

 

 

 

 

2020

 

$

300,605

 

2021

 

 

277,016

 

2022

 

 

55,384

 

2023

 

 

8,778

 

2024

 

 

28,426

 

Over 5 Years

 

 

28,795

 

Total

 

$

699,004