Quarterly report pursuant to Section 13 or 15(d)

Deposits

v3.21.1
Deposits
3 Months Ended
Mar. 31, 2021
Deposits [Abstract]  
Deposits

Note 7 — Deposits

Time deposits at or exceeding the FDIC insurance limit of $250,000 March 31, 2021 and December 31, 2020 were $300.9 million and $311.8 million, respectively.

 

The scheduled maturities of time deposits are as follows for the periods indicated:

 

At March 31, 2021

 

Time

Deposits of

$250,000

or More

 

 

Other Time

Deposits

 

 

Total

 

 

 

(in thousands)

 

2021

 

$

244,254

 

 

$

619,836

 

 

$

864,090

 

2022

 

 

55,539

 

 

 

225,949

 

 

 

281,488

 

2023

 

 

806

 

 

 

29,134

 

 

 

29,940

 

2024

 

 

 

 

 

15,790

 

 

 

15,790

 

2025 and thereafter

 

 

264

 

 

 

2,440

 

 

 

2,704

 

Total

 

$

300,863

 

 

$

893,149

 

 

$

1,194,012

 

 

 

 

 

 

 

 

 

 

 

 

 

 

At December 31, 2020

 

 

 

 

 

 

 

 

 

 

 

 

2021

 

$

296,455

 

 

$

825,677

 

 

$

1,122,132

 

2022

 

 

14,315

 

 

 

115,832

 

 

 

130,148

 

2023

 

 

804

 

 

 

22,881

 

 

 

23,685

 

2024

 

 

 

 

 

5,382

 

 

 

5,382

 

2025 and thereafter

 

 

264

 

 

 

2,089

 

 

 

2,352

 

Total

 

$

311,838

 

 

$

971,861

 

 

$

1,283,699

 

 

Accrued interest payable on deposits was $2.4 million and $4.6 million at March 31, 2021 and December 31, 2020, respectively. Total deposits reclassified to loans due to overdrafts at March 31, 2021 and December 31, 2020 were $320,000 and $241,000, respectively.