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Deposits (Tables) | 3 Months Ended
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Mar. 31, 2024
Banking and Thrift, Other Disclosure [Abstract] |
Schedule of Deposits | The following table summarizes total deposits at March 31, 2024 and December 31, 2023.
|  | March 31, |  | December 31,
(Dollars in thousands) |  | 2024 |  | 2023
Deposits - interest-bearing |  | $ | 20,901,209 |  |  | $ | 21,651,657 |
Deposits - non-interest-bearing |  | 2,247 |  |  | 1,531 |
Total deposits |  | $ | 20,903,456 |  |  | $ | 21,653,188 |
Schedule of Interest Bearing Deposits | Interest bearing deposits at March 31, 2024 and December 31, 2023 are summarized as follows:
|  | March 31, 2024 |  | December 31, 2023
(Dollars in thousands) |  | Amount |  | Qtr.-End Weighted Average Stated Rate(1) |  | Amount |  | Year-End Weighted Average Stated Rate(1)
Money market |  | $ | 9,448,177 |  |  | 4.61 | % |  | $ | 10,258,292 |  |  | 4.85 | %
Savings |  | 969,452 |  |  | 4.34 |  |  | 945,000 |  |  | 4.35 |
Certificates of deposit |  | 10,483,580 |  |  | 3.81 |  |  | 10,448,365 |  |  | 3.69 |
Deposits - interest bearing |  | $ | 20,901,209 |  |  |  |  | $ | 21,651,657 |  |  |
(1) Includes the effect of interest rate swaps in effective hedge relationships.
Schedule of Certificates of Deposit Maturities | Certificates of deposit remaining maturities are summarized as follows:
(Dollars in thousands) |  | March 31, 2024 |  | December 31, 2023
One year or less |  | $ | 5,058,152 |  |  | $ | 3,937,766 |
After one year to two years |  | 3,371,560 |  |  | 4,112,902 |
After two years to three years |  | 1,677,935 |  |  | 1,881,371 |
After three years to four years |  | 210,575 |  |  | 327,295 |
After four years to five years |  | 165,245 |  |  | 188,802 |
After five years |  | 113 |  |  | 229 |
Total |  | $ | 10,483,580 |  |  | $ | 10,448,365 |

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