v3.5.0.2
Deposits
9 Months Ended
Sep. 30, 2016
Deposits [Abstract]  
Deposits

NOTE 7: DEPOSITS

The following table summarizes the outstanding balance of deposits and average rates paid thereon as of:

 

 

 

September 30, 2016

 

 

December 31, 2015

 

(dollars in thousands)

 

Amount

 

 

Weighted
Average Rate

 

 

Amount

 

 

Weighted
Average Rate

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Demand deposits:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Noninterest-bearing

 

$

775,466

 

 

 

 

 

$

299,794

 

 

 

 

Interest-bearing

 

 

175,782

 

 

 

0.436

%

 

 

260,167

 

 

 

0.359

%

Money market and savings

 

 

836,494

 

 

 

0.697

%

 

 

492,015

 

 

 

0.531

%

Certificates of deposits

 

 

550,995

 

 

 

0.587

%

 

 

470,200

 

 

 

0.554

%

Total

 

$

2,338,737

 

 

 

0.420

%

 

$

1,522,176

 

 

 

0.404

%

At September 30, 2016, of the $179.5 million of certificates of deposits of $250,000 or more, $174.3  million mature within one year and $5.2 million mature after one year. Of the $371.4 million of certificates of deposit of less than $250,000, $360.4 million mature within one year and $11.0 million mature after one year. At December 31, 2015, of the $149.2 million of certificates of deposits of $250,000 or more, $137.8 million mature within one year and $11.4 million mature after one year.  Of the $321 million of certificates of deposit of less than $250,000, $292.5 million mature within one year and $28.5 million mature after one year.