Annual report pursuant to Section 13 and 15(d)

DEPOSITS

v3.20.4
DEPOSITS
12 Months Ended
Dec. 31, 2020
Deposits, Interest-bearing and Noninterest-bearing, Alternative [Abstract]  
DEPOSITS

8. DEPOSITS

The major types of interest-bearing deposits are as follows for the years ended December 31, (dollars in thousands):

    

2020

    

2019

Interest-bearing deposits:

 

  

 

  

NOW accounts

$

3,621,181

$

2,905,714

Money market accounts

 

4,248,335

 

3,951,856

Savings accounts

 

904,095

 

727,847

Time deposits of $250,000 and over

 

654,224

 

684,797

Other time deposits

 

1,926,227

 

2,064,628

Total interest-bearing deposits

$

11,354,062

$

10,334,842

As of December 31, 2020, the scheduled maturities of time deposits are as follows for the years ended December 31, (dollars in thousands):

2021

    

$

1,846,844

2022

 

369,810

2023

 

160,021

2024

 

171,968

2025

 

31,250

Thereafter

 

558

Total scheduled maturities of time deposits

$

2,580,451

The amount of time deposits held in CDARS accounts was $64.2 million and $73.9 million as of December 31, 2020 and 2019, respectively.

The Company classifies deposit overdrafts as loans held for investment within the "Other Commercial" category. As of December 31, 2020 and 2019, these deposits totaled $2.6 million.