Annual report pursuant to Section 13 and 15(d)

Deposits

v3.3.1.900
Deposits
 12 Months Ended
Dec. 31, 2015
Banking and Thrift [Abstract]  
Deposits
Deposits
At December 31, 2015, the scheduled maturities of time deposits are as follows:
Year Ending
December 31,
Time
Deposits of
$250,000
or More
 
Other
Time
Deposits
 
Total
 
(In thousands)
2016
$
336,282

 
$
822,159

 
$
1,158,441

2017
37,701

 
101,726

 
139,427

2018
10,924

 
47,109

 
58,033

2019
2,812

 
9,413

 
12,225

2020
788

 
17,316

 
18,104

Thereafter
280

 
1,503

 
1,783

Total
$
388,787


$
999,226


$
1,388,013


A summary of interest expense on deposits was as follows for the periods indicated:
 
Year Ended December 31,
 
2015
 
2014
 
2013
 
(In thousands)
Savings
$
419

 
$
1,646

 
$
1,812

Money market checking and NOW accounts
3,890

 
3,213

 
2,912

Time deposits of $100,000 or more
6,639

 
4,321

 
4,094

Other time deposits
4,462

 
4,380

 
3,860

Total interest expense on deposits
$
15,410


$
13,560


$
12,678


Accrued interest payable on deposits totaled $3.2 million and $3.5 million at December 31, 2015 and 2014, respectively. Total deposits reclassified to loans due to overdrafts at December 31, 2015 and 2014 were $1.8 million and $1.0 million, respectively.