EAST WEST BANCORP INC
For the period ended Dec 31, 2024. Filed Feb 28, 2025.
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FY2024 · Filed Feb 28, 2025
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9 — Deposits
Note 9 —Deposits
The following table presents the composition of the Company’s deposits as of December 31, 2024 and 2023:
| December 31, | ||
|---|---|---|
| ($ in thousands) | 2024 | 2023 |
| Deposits: | ||
| Noninterest-bearing demand | $15,450,428 | $15,539,872 |
| Interest-bearing checking | 7,940,692 | 7,558,908 |
| Money market | 14,816,511 | 13,108,727 |
| Savings: | ||
| Domestic office | 1,583,657 | 1,638,916 |
| Foreign office | 167,963 | 202,551 |
| Time deposits (1): | ||
| Domestic office | 21,128,657 | 16,037,287 |
| Foreign office | 2,087,115 | 2,006,177 |
| Total deposits | $63,175,023 | $56,092,438 |
(1)The aggregate amount of time deposits that met or exceeded the deposit insurance limit was $16.5 billion and $13.6 billion as of December 31, 2024 and 2023, respectively.
The following table presents the scheduled maturities of time deposits for the five years succeeding December 31, 2024:
| ($ in thousands) | Amount |
|---|---|
| 2025 | $22,590,146 |
| 2026 | 270,237 |
| 2027 | 299,214 |
| 2028 | 53,109 |
| 2029 | 3,066 |
| Total | $23,215,772 |
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