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):

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2020

    

2019

Interest-bearing deposits:

 

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NOW accounts

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$

3,621,181

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$

2,905,714

Money market accounts

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4,248,335

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3,951,856

Savings accounts

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904,095

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727,847

Time deposits of $250,000 and over

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654,224

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684,797

Other time deposits

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1,926,227

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2,064,628

Total interest-bearing deposits

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$

11,354,062

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$

10,334,842

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

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2021

    

$

1,846,844

2022

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369,810

2023

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160,021

2024

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171,968

2025

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31,250

Thereafter

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558

Total scheduled maturities of time deposits

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$

2,580,451

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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.

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