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Deposits | 6 Months Ended
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Jun. 30, 2022
Statistical Disclosure for Banks [Abstract] |
Deposits | DEPOSITS The following table provides detail on deposit types. The deposit balances as of June 30, 2022 reflect those acquired in the CIT Merger, as described in Note 2 — Business Combinations. Deposit Types
dollars in millions | June 30, 2022 |  | December 31, 2021
Noninterest-bearing demand | $ | 26,645 |  |  | $ | 21,405 |
Checking with interest | 16,285 |  |  | 12,694 |
Money market | 24,699 |  |  | 10,590 |
Savings | 13,319 |  |  | 4,236 |
Time | 8,381 |  |  | 2,481 |
Total deposits | $ | 89,329 |  |  | $ | 51,406 |
At June 30, 2022, the scheduled maturities of time deposits were: Deposit Maturities
dollars in millions |
Twelve months ended June 30, |
2023 | $ | 5,963 |
2024 | 1,299 |
2025 | 737 |
2026 | 201 |
2027 | 59 |
Thereafter | 122 |
Total time deposits | $ | 8,381 |
Time deposits with a denomination of $250,000 or more were $1.4 billion and $593 million at June 30, 2022 and December 31, 2021, respectively. As of December 31, 2021, FCB’s primary deposit markets were North Carolina and South Carolina, which represent approximately 50.8% and 22.7%, respectively, of total FCB deposits. The CIT Merger added deposits that were primarily in California (which also includes its internet banking). Deposits (based on branch location) as of June 30, 2022, in California, North Carolina and South Carolina represented approximately 39.5%, 30.2% and 13.4%, respectively, of total deposits.

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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 https://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 https://asc.fasb.org/extlink&oid=126897435&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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