DEPOSITS (Tables)
|
12 Months Ended |
Dec. 31, 2016 |
|---|
| Deposit Liabilities |
|
| Ending deposit balances |
|
|
|
|
|
|
|
|
|
|
|
December 31, (in thousands)
|
|
|
2016
|
|
2015
|
|
|
|
|
|
|
|
|
|
|
|
|
Demand
|
|
|
$
|
872,709
|
|
$
|
783,054
|
|
|
Money market accounts
|
|
|
|
541,622
|
|
|
501,059
|
|
|
Brokered money market accounts
|
|
|
|
360,597
|
|
|
200,126
|
|
|
Savings
|
|
|
|
164,410
|
|
|
117,408
|
|
|
Individual retirement accounts*
|
|
|
|
42,642
|
|
|
36,016
|
|
|
Time deposits, $250 and over*
|
|
|
|
37,200
|
|
|
42,775
|
|
|
Other certificates of deposit*
|
|
|
|
140,894
|
|
|
127,878
|
|
|
Brokered certificates of deposit*
|
|
|
|
28,681
|
|
|
44,298
|
|
|
|
|
|
|
|
|
|
|
|
|
Total interest-bearing deposits
|
|
|
|
2,188,755
|
|
|
1,852,614
|
|
|
Total noninterest-bearing deposits
|
|
|
|
971,937
|
|
|
634,863
|
|
|
|
|
|
|
|
|
|
|
|
|
Total deposits
|
|
|
$
|
3,160,692
|
|
$
|
2,487,477
|
|
*Represents a time deposit.
|
| Schedule of time deposits of $250,000 or more |
Time deposits at or above the FDIC insured limit of $250,000 are presented in the table below:
|
|
|
|
|
|
|
|
|
|
December 31, (in thousands)
|
|
2016
|
|
2015
|
|
|
|
|
|
|
|
|
|
|
|
Time deposits of $250 or more
|
|
$
|
37,200
|
|
$
|
42,775
|
|
|
| Schedule of maturities of all time deposits, including brokered certificates of deposit |
At December 31, 2016, the scheduled maturities and weighted average rate of all time deposits, including brokered certificates of deposit, were as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted
|
|
|
|
|
|
|
|
Average
|
|
|
Year (dollars in thousands)
|
|
Principal
|
|
Rate
|
|
|
|
|
|
|
|
|
|
|
2017
|
|
$
|
108,890
|
|
0.40
|
%
|
|
2018
|
|
|
42,505
|
|
1.27
|
|
|
2019
|
|
|
39,932
|
|
1.78
|
|
|
2020
|
|
|
39,248
|
|
1.84
|
|
|
2021
|
|
|
18,819
|
|
1.65
|
|
|
Thereafter
|
|
|
23
|
|
1.68
|
|
|
Total
|
|
$
|
249,417
|
|
1.09
|
|
|
| Cornerstone |
|
| Deposit Liabilities |
|
| Schedule of deposits liabilities acquired |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
May 17, 2016
|
|
(in thousands)
|
|
Contractual Principal
|
|
Fair Value Adjustment
|
|
Acquisition-Day Fair Value
|
|
|
|
|
|
|
|
|
|
|
|
|
Demand
|
|
$
|
59,507
|
|
$
|
—
|
|
$
|
59,507
|
|
Money market accounts
|
|
|
53,773
|
|
|
—
|
|
|
53,773
|
|
Savings
|
|
|
12,352
|
|
|
—
|
|
|
12,352
|
|
Individual retirement accounts*
|
|
|
3,897
|
|
|
13
|
|
|
3,910
|
|
Time deposits, $250 and over*
|
|
|
3,385
|
|
|
12
|
|
|
3,397
|
|
Other certificates of deposit*
|
|
|
19,343
|
|
|
67
|
|
|
19,410
|
|
|
|
|
|
|
|
|
|
|
|
|
Total interest-bearing deposits
|
|
|
152,257
|
|
|
92
|
|
|
152,349
|
|
Total noninterest-bearing deposits
|
|
|
52,908
|
|
|
—
|
|
|
52,908
|
|
|
|
|
|
|
|
|
|
|
|
|
Total deposits
|
|
$
|
205,165
|
|
$
|
92
|
|
$
|
205,257
|
*Represents a time deposit.
|