Annual report pursuant to Section 13 and 15(d)

Deposits

v3.6.0.2
Deposits
 12 Months Ended
Dec. 31, 2016
Banking and Thrift [Abstract]  
Deposits
Deposits
At December 31, 2016, 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)
2017
$
417,142

 
$
552,470

 
$
969,612

2018
22,984

 
133,372

 
156,356

2019
2,843

 
15,222

 
18,065

2020
794

 
17,234

 
18,028

2021
1,910

 
15,071

 
16,981

Thereafter
261

 
1,014

 
1,275

Total
$
445,934


$
734,383


$
1,180,317


A summary of interest expense on deposits was as follows for the periods indicated:
 
Year Ended December 31,
 
2016
 
2015
 
2014
 
(In thousands)
Demand – interest-bearing
$
75

 
$
114

 
$
101

Money market and savings
6,470

 
4,195

 
4,758

Time deposits of $100,000 or more
6,605

 
6,639

 
4,321

Other time deposits
3,420

 
4,462

 
4,380

Total interest expense on deposits
$
16,570


$
15,410


$
13,560


Accrued interest payable on deposits totaled $2.6 million and $3.2 million at December 31, 2016 and 2015, respectively. Total deposits reclassified to loans due to overdrafts at December 31, 2016 and 2015 were $1.2 million and $1.8 million, respectively.