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Deposits (Tables) | 6 Months Ended
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Jun. 30, 2024
Banking and Thrift, Other Disclosure [Abstract] |
Schedule of Deposits | The following table summarizes total deposits at June 30, 2024 and December 31, 2023.
|  | June 30, |  | December 31,
(Dollars in thousands) |  | 2024 |  | 2023
Deposits - interest-bearing |  | $ | 20,741,110 |  |  | $ | 21,651,657 |
Deposits - non-interest-bearing |  | 2,920 |  |  | 1,531 |
Total deposits |  | $ | 20,744,030 |  |  | $ | 21,653,188 |
Schedule of Interest Bearing Deposits | Interest bearing deposits at June 30, 2024 and December 31, 2023 are summarized as follows:
|  | June 30, 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 |  | $ | 9,485,016 |  |  | 4.64 | % |  | $ | 10,258,292 |  |  | 4.85 | %
Savings |  | 976,727 |  |  | 4.34 |  |  | 945,000 |  |  | 4.35 |
Certificates of deposit |  | 10,279,367 |  |  | 3.81 |  |  | 10,448,365 |  |  | 3.69 |
Deposits - interest bearing |  | $ | 20,741,110 |  |  |  |  | $ | 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) |  | June 30, 2024 |  | December 31, 2023
One year or less |  | $ | 5,441,046 |  |  | $ | 3,937,766 |
After one year to two years |  | 2,876,645 |  |  | 4,112,902 |
After two years to three years |  | 1,575,845 |  |  | 1,881,371 |
After three years to four years |  | 258,306 |  |  | 327,295 |
After four years to five years |  | 127,484 |  |  | 188,802 |
After five years |  | 41 |  |  | 229 |
Total |  | $ | 10,279,367 |  |  | $ | 10,448,365 |

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