Annual report pursuant to Section 13 and 15(d)

Deposits

v2.4.1.9
Deposits
 12 Months Ended
Dec. 31, 2014
Banking and Thrift [Abstract]  
Deposits

Note 9 — Deposits

At December 31, 2014, the scheduled maturities of time deposits are as follows:

 

Year Ending

December 31,

    Time
Deposits of
$100,000
or More		      Other
Time
Deposits 		     Total  
    

(In thousands)

  

2015

    $ 590,006       $ 479,285       $ 1,069,291   

2016

      253,179         172,318         425,497   

2017

      30,951         24,040         54,991   

2018

      30,784         23,545         54,329   

2019

      5,420         7,097         12,517   

Thereafter

      —           —           —     
  

 

 

     

 

 

     

 

 

  

Total

 $ 910,340    $ 706,285    $ 1,616,625   
  

 

 

     

 

 

     

 

 

  

A summary of interest expense on deposits was as follows for the periods indicated:

 

     Year Ended December 31,  
     2014      2013      2012  
    

(In thousands)

  

Savings

    $ 1,646       $ 1,812       $ 2,152   

Money market checking and NOW accounts

      3,213         2,912         3,085   

Time deposits of $100,000 or more

      4,321         4,094         7,290   

Other time deposits

      4,380         3,860         3,350   
  

 

 

     

 

 

     

 

 

  

Total interest expense on deposits

 $ 13,560    $ 12,678    $ 15,877   
  

 

 

     

 

 

     

 

 

  

Accrued interest payable on deposits totaled $3.5 million and $3.4 million at December 31, 2014 and 2013, respectively. Total deposits reclassified to loans due to overdrafts at December 31, 2014 and 2013 were $1.0 million and $1.1 million, respectively.