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Deposits | 12 Months Ended
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Dec. 31, 2021
Notes to Financial Statements. |
Deposits | 9. Deposits Total deposits at December 31, 2021 and 2020 and the weighted average rate on deposits at December 31, 2021, are as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Weighted |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Average |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Rate |
​ |  | 2021 |  | 2020 |  | 2021 |
​ | ​ | (Dollars in thousands) | ​ | ​ |
Interest-bearing deposits: |  | ​ |  |  | ​ |  |  |  | ​
Certificate of deposit accounts | ​ | $ | 946,575 | ​ | $ | 1,138,361 |  | 0.57 | %
Savings accounts | ​ |  | 156,554 | ​ |  | 168,183 |  | 0.13 | ​
Money market accounts | ​ |  | 2,342,003 | ​ |  | 1,682,345 |  | 0.22 | ​
NOW accounts | ​ |  | 1,920,779 | ​ |  | 2,323,172 |  | 0.11 | ​
Total interest-bearing deposits | ​ |  | 5,365,911 | ​ |  | 5,312,061 |  |  | ​
Non-interest bearing demand deposits | ​ |  | 967,621 | ​ |  | 778,672 |  |  | ​
Total due to depositors | ​ |  | 6,333,532 | ​ |  | 6,090,733 |  |  | ​
Mortgagors' escrow deposits | ​ |  | 51,913 | ​ |  | 45,622 |  | 0.01 | ​
Total deposits | ​ | $ | 6,385,445 | ​ | $ | 6,136,355 |  |  | ​
​ The aggregate amount of time deposits with denominations of $250,000 or more (excluding brokered deposits issued in $1,000 amounts under a master certificate of deposit) was $217.5 million and $266.9 million at December 31, 2021 and 2020, respectively. The aggregate amount of brokered deposits was $626.3 million and $1,074.1 million and at December 31, 2021 and 2020, respectively. At December 31, 2021 and 2020, reciprocal deposits totaled $763.7 million and $735.4 million, respectively. Government deposits are collateralized by either securities, letters of credit issued by FHLB-NY or are placed in the IntraFi Network which arranges for placement of funds into certificate of deposit accounts, demand accounts or money market accounts issued by other member banks of the network in increments of less than $250,000 to ensure that both principal and interest are eligible for full FDIC deposit insurance. The letters of credit are collateralized by mortgage loans pledged by the Company. At December 31, 2021, government deposits totaled $1,618.8 million, of which $710.2 million were IntraFi Network deposits and $908.6 million were collateralized by $190.3 million in securities and $818.4 million of letters of credit. At December 31, 2020, government deposits totaled $1,615.4 million, of which $524.0 million were IntraFi Network deposits and $1,091.4 million were collateralized by $260.3 million in securities and $855.4 million of letters of credit. Interest expense on deposits is summarized as follows for the years ended December 31: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2021 |  | 2020 |  | 2019
​ | ​ | (In thousands)
Certificate of deposit accounts | ​ | $ | 7,340 | ​ | $ | 18,096 | ​ | $ | 35,078
Savings accounts | ​ |  | 255 | ​ |  | 495 | ​ |  | 1,378
Money market accounts | ​ |  | 7,271 | ​ |  | 14,368 | ​ |  | 27,819
NOW accounts | ​ |  | 5,453 | ​ |  | 9,309 | ​ |  | 23,553
Total due to depositors | ​ |  | 20,319 | ​ |  | 42,268 | ​ |  | 87,828
Mortgagors' escrow deposits | ​ |  | 5 | ​ |  | 44 | ​ |  | 229
Total interest expense on deposits | ​ | $ | 20,324 | ​ | $ | 42,312 | ​ | $ | 88,057
​ Scheduled remaining maturities of certificate of deposit accounts are summarized as follows for the years ended December 31: ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2021 |  | 2020
​ | ​ | (In thousands)
Within 12 months | ​ | $ | 755,874 | ​ | $ | 923,235
More than 12 months to 24 months | ​ |  | 122,366 | ​ |  | 139,088
More than 24 months to 36 months | ​ |  | 43,830 | ​ |  | 58,125
More than 36 months to 48 months | ​ |  | 22,249 | ​ |  | 14,488
More than 48 months to 60 months | ​ |  | 1,092 | ​ |  | 3,394
More than 60 months | ​ |  | 1,165 | ​ |  | 31
Total certificate of deposit accounts | ​ | $ | 946,575 | ​ | $ | 1,138,361
​

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- Definition The entire disclosure for deposit liabilities including data and tables. It may include a description of the entity's deposit liabilities, the aggregate amount of time deposits (including certificates of deposit) in denominations of $100,000 or more at the balance sheet date; the aggregate amount of any demand deposits that have been reclassified as loan balances, such as overdrafts, at the balance sheet date; deposits that are received on terms other than those in the normal course of business, the amount of accrued interest on deposit liabilities; securities, mortgage loans or other financial instruments that serve as collateral for deposits; for time deposits having a remaining term of more than one year, the aggregate amount of maturities for each of the five years following the balance sheet date; and the weighted average interest rate for all deposit liabilities held by the entity. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 405 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=116652737&loc=d3e64164-112818 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03.12) -URI http://asc.fasb.org/extlink&oid=120398452&loc=d3e534808-122878 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher SEC -Name Regulation S-K (SK) -Number 229 -Section 1406 -Paragraph (e) Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher SEC -Name Regulation S-K (SK) -Number 229 -Section 1406 + Details
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