Deposits

12 Months Ended

Dec. 31, 2020

Banking And Thrift Disclosure [Abstract]

NOTE 8: DEPOSITS

The following table sets forth the weighted average interest rates for each type of deposit at December 31, 2020 and 2019:


	December 31,
	2020								2019
(dollars in thousands)	Amount		Percent of Total			Weighted Average Interest Rate			Amount		Percent of Total			Weighted Average Interest Rate
Interest-bearing checking and money market accounts	$	12,610,073		38.87	%		0.28	%	$	10,230,144		32.32	%		1.30	%
Savings accounts		6,415,608		19.78			0.41			4,780,007		15.10			0.75
Certificates of deposit		10,330,680		31.85			0.83			14,214,858		44.90			2.30
Non-interest-bearing accounts		3,080,452		9.50			—			2,432,123		7.68			—

Total deposits	$	32,436,813		100.00	%		0.45	%	$	31,657,132		100.00	%		1.57	%

At December 31, 2020 and 2019, the aggregate amount of deposits that had been reclassified as loan balances (i.e., overdrafts) was $2.3 million and $2.4 million, respectively.

The scheduled maturities of certificates of deposit (“CDs”) at December 31, 2020 were as follows:


(in thousands)
1 year or less	$	9,120,243
More than 1 year through 2 years		708,342
More than 2 years through 3 years		313,682
More than 3 years through 4 years		187,089
More than 4 years through 5 years		1,009
Over 5 years		315

Total CDs	$	10,330,680

The following table presents a summary of CDs in amounts of $100,000 or more by remaining term to maturity, at December 31, 2020:


	CDs of $100,000 or More Maturing Within
(in thousands)	3 Months or Less		Over 3 to 6 Months		Over 6 to 12 Months		Over 12 Months		Total
Total	$	2,548,901	$	3,094,530	$	717,291	$	384,860	$	6,745,582

Included in total deposits at both December 31, 2020 and 2019 were brokered deposits of $5.3 billion and $5.2 billion with weighted average interest rates of 0.08% and 1.94% at the respective year-ends. Brokered money market accounts represented $3.0 billion and $1.5 billion, respectively, of the December 31, 2020 and 2019 totals, and brokered interest-bearing checking accounts represented $1.3 billion and $1.2 billion, respectively. Brokered CDs represented $1.0 billion and $2.5 billion of brokered deposits at December 31, 2020 and 2019, respectively.