EAST WEST BANCORP INC
For the period ended Dec 31, 2023. Filed Feb 29, 2024.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Feb 29, 2024
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
9 — Deposits
Note 9 —Deposits
The following table presents the composition of the Company’s deposits as of December 31, 2023 and 2022:
| December 31, | ||
|---|---|---|
| ($ in thousands) | 2023 | 2022 |
| Deposits: | ||
| Noninterest-bearing demand | $15,539,872 | $21,051,090 |
| Interest-bearing checking | 7,558,908 | 6,672,165 |
| Money market | 13,108,727 | 12,265,024 |
| Savings: | ||
| Domestic office | 1,638,916 | 2,425,784 |
| Foreign office | 202,551 | 223,253 |
| Time deposits (1): | ||
| Domestic office | 16,037,287 | 11,878,734 |
| Foreign office | 2,006,177 | 1,451,799 |
| Total deposits | $56,092,438 | $55,967,849 |
(1)The aggregate amount of time deposits that met or exceeded the deposit insurance limit was $13.6 billion and $10.6 billion as of December 31, 2023 and 2022, respectively.
The following table presents the scheduled maturities of time deposits for the five years succeeding December 31, 2023:
| ($ in thousands) | Amount |
|---|---|
| 2024 | $17,580,178 |
| 2025 | 134,264 |
| 2026 | 186,448 |
| 2027 | 139,279 |
| 2028 | 3,295 |
| Total | $18,043,464 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.