v3.22.1

DEPOSITS

3 Months Ended

Mar. 31, 2022

DEPOSITS

DEPOSITS

NOTE 8: DEPOSITS

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

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March 31, 2022

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December 31, 2021

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Weighted

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Weighted

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(dollars in thousands)

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Amount

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Average Rate

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Amount

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Average Rate

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Demand deposits:

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Noninterest-bearing

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$

3,296,118

—

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$

3,280,455

—

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Interest-bearing

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2,429,202

0.104

%

2,242,684

0.070

%

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Money market and savings

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2,592,437

0.271

%

2,620,336

0.275

%

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Certificates of deposits

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639,761

0.200

%

668,485

0.145

%

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Total

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$

8,957,518

0.121

%

$

8,811,960

0.111

%

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At March 31, 2022, of the $357 million of certificates of deposits of $250,000 or more, $352 million mature within one year and $5 million mature after one year. Of the $282 million of certificates of deposit of less than $250,000, $223 million mature within one year and $59 million mature after one year. At December 31, 2021, of the $367 million of certificates of deposits of $250,000 or more, $361 million mature within one year and $6 million mature after one year. Of the $301 million of certificates of deposit of less than $250,000, $229 million mature within one year and $72 million mature after one year.

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

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher SEC
-Name Regulation S-K (SK)
-Number 229
-Section 1406
-Paragraph (e)

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher SEC
-Name Regulation S-K (SK)
-Number 229
-Section 1406

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X

- References

No definition available.

+ Details

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