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v3.20.4

Deposits | 12 Months Ended
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Dec. 31, 2020
Other Liabilities [Abstract] |
Deposits | Deposits Deposits at December 31, 2020 and 2019 are summarized as follows (in thousands):
| 2020 |  | Weighted average interest rate |  | 2019 |  | Weighted average interest rate
Savings deposits | $ | 1,348,147 |  |  | 0.11 | % |  | $ | 983,714 |  |  | 0.14 | %
Money market accounts | 2,245,412 |  |  | 0.45 |  |  | 1,738,202 |  |  | 0.79 |
NOW accounts | 2,808,637 |  |  | 0.42 |  |  | 2,092,413 |  |  | 0.79 |
Non-interest bearing deposits | 2,341,459 |  |  | — |  |  | 1,554,253 |  |  | — |
Certificates of deposit | 1,094,174 |  |  | 0.89 |  |  | 734,027 |  |  | 1.72 |
Total deposits | $ | 9,837,829 |  |  |  |  | $ | 7,102,609 |  |  |
Scheduled maturities of certificates of deposit accounts at December 31, 2020 and 2019 are as follows (in thousands):
| 2020 |  | 2019
Within one year | $ | 886,018 |  |  | 606,870 |
One to three years | 153,114 |  |  | 81,987 |
Three to five years | 54,544 |  |  | 44,243 |
Five years and thereafter | 498 |  |  | 927 |
| $ | 1,094,174 |  |  | 734,027 |
Interest expense on deposits for the years ended December 31, 2020, 2019 and 2018 is summarized as follows (in thousands):
| Years ended December 31,
| 2020 |  | 2019 |  | 2018
Savings deposits | $ | 1,689 |  |  | 1,681 |  |  | 1,923 |
NOW and money market accounts | 22,762 |  |  | 29,542 |  |  | 20,450 |
Certificates of deposits | 9,138 |  |  | 14,271 |  |  | 8,320 |
| $ | 33,589 |  |  | 45,494 |  |  | 30,693 |

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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 + Details
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- References No definition available. + Details
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