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Bank Deposits | 6 Months Ended
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Jun. 30, 2024
Deposits Liabilities, Balance Sheet, Reported Amounts [Abstract] |
Bank Deposits | NOTE 11 – Bank 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 June 30, 2024 and December 31, 2023 were as follows (in thousands):
|  | June 30, 2024 |  |  | December 31, 2023 |
Demand deposits (interest-bearing) |  | $ | 26,754,212 |  |  | $ | 27,111,072 |
Demand deposits (non-interest-bearing) |  |  | 304,795 |  |  |  | 223,505 |
Certificates of deposit |  |  | 80,746 |  |  |  | 2 |
|  | $ | 27,139,753 |  |  | $ | 27,334,579 |
The weighted-average interest rate on deposits was 3.31% and 2.66% at June 30, 2024 and December 31, 2023, respectively. Certificates of deposit, of $0.1 million and greater, due within one year at June 30, 2024 was $80.7 million. At June 30, 2024 and December 31, 2023, bank deposits include related party deposits, primarily interest-bearing and time deposits of executive officers, directors, and their affiliates were $4.0 million and $9.0 million, respectively. Brokerage customers’ deposits were $25.0 billion and $24.1 billion, respectively.

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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 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -SubTopic 405 -Topic 942 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478353/942-405-50-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 942 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(12)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478546/942-210-S99-1 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Name Regulation S-K (SK) -Number 229 -Section 1406 -Paragraph e -Publisher SEC Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Name Regulation S-K (SK) -Number 229 -Section 1406 -Publisher SEC + Details
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