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Bank Deposits | 12 Months Ended
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Dec. 31, 2021
Deposits Liabilities Balance Sheet Reported Amounts [Abstract] |
Bank Deposits | NOTE 13 – Ba nk Deposits Deposits consist of interest-bearing-demand deposits (primarily money market and savings accounts), non-interest-bearing demand deposits, and certificates of deposit. Deposits at December 31, 2021 and 2020, were as follows (in thousands):
|  | December 31, |
|  | 2021 |  |  | 2020 |
Demand deposits (interest-bearing) |  | $ | 22,626,560 |  |  | $ | 16,886,953 |
Demand deposits (non-interest-bearing) |  |  | 626,633 |  |  |  | 411,890 |
Certificates of deposit |  |  | 27,155 |  |  |  | 97,654 |
|  | $ | 23,280,348 |  |  | $ | 17,396,497 |
The weighted-average interest rate on deposits was 0.02% and 0.09% at December 31, 2021 and 2020, respectively. At December 31, 2021 and 2020, related party deposits, primarily interest-bearing and time deposits of executive officers, directors, and their affiliates, were $8.6 million and $6.7 million, respectively. Brokerage customers’ deposits were $21.3 billion and $16.0 billion, respectively. During the year ended December 31, 2021, we sold $215.1 million in deposits. Based upon the terms of the sale, we recognized a $4.8 million gain, which is reflected in other income on the consolidated statements of operations. Scheduled maturities of certificates of deposit at December 31, 2021 and 2020, were as follows (in thousands):
|  | December 31, |
|  | 2021 |  |  | 2020 |
Certificates of deposit, less than $100,000: |  |  |  |  |  |
Within one year |  | $ | 159 |  |  | $ | 2,719 |
One to three years |  |  | 14 |  |  |  | 409 |
Three to five years |  |  | — |  |  |  | 254 |
|  | $ | 173 |  |  | $ | 3,382 |
Certificates of deposit, $100,000 and greater: |  |  |  |  |  |
Within one year |  | $ | 20,098 |  |  | $ | 63,650 |
One to three years |  |  | 6,884 |  |  |  | 30,622 |
Three to five years |  |  | — |  |  |  | — |
|  |  | 26,982 |  |  |  | 94,272 |
|  | $ | 27,155 |  |  | $ | 97,654 |

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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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