Annual report pursuant to Section 13 and 15(d)

Deposits

v3.8.0.1
Deposits
 12 Months Ended
Dec. 31, 2017
Banking and Thrift [Abstract]  
Deposits
Deposits
At December 31, 2017, 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)
2018
$
364,225

 
$
872,155

 
$
1,236,380

2019
94,735

 
45,792

 
140,527

2020
1,619

 
21,576

 
23,195

2021
1,650

 
12,935

 
14,585

2022
—

 
1,645

 
1,645

Total
$
462,229


$
954,103


$
1,416,332


A summary of interest expense on deposits was as follows for the periods indicated:
 
Year Ended December 31,
 
2017
 
2016
 
2015
 
(In thousands)
Demand – interest-bearing
$
74

 
$
75

 
$
114

Money market and savings
12,515

 
6,470

 
4,195

Time deposits of $100,000 or more
10,471

 
6,605

 
6,639

Other time deposits
3,029

 
3,420

 
4,462

Total interest expense on deposits
$
26,089


$
16,570


$
15,410


Accrued interest payable on deposits totaled $5.3 million and $2.6 million at December 31, 2017 and 2016, respectively. Total deposits reclassified to loans due to overdrafts at December 31, 2017 and 2016 were $1.5 million and $1.2 million, respectively.