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Deposits
 12 Months Ended
Dec. 31, 2024
Other Liabilities [Abstract]  
Deposits Deposits
Deposits as of December 31, 2024 and 2023 are summarized as follows (in thousands):
2024
Weighted
average
interest rate
2023
Weighted
average
interest rate
Savings deposits$1,679,667 0.22 %$1,175,683 0.21 %
Money market accounts3,364,564 2.67 2,325,364 2.67 
NOW accounts (1)
6,622,642 2.64 3,492,184 2.77 
Non-interest bearing deposits3,788,785 — 2,203,341 — 
Certificates of deposit (2)
3,168,155 4.10 1,095,942 3.85 
Total deposits$18,623,813 $10,292,514 
(1) The Bank's insured cash sweep product totaled $1.16 billion and $520.2 million as of December 31, 2024 and December 31, 2023, respectively, and are reported within NOW accounts.
(2)Time deposits equal to or in excess of $250,000 were $789.0 million and $218.5 million as of December 31, 2024 and December 31, 2023, respectively. Additionally, the Bank's reciprocal Certificate of Deposit Account Registry Service product totaled $3.5 million and $3.3 million as of December 31, 2024 and December 31, 2023, respectively.
Within total deposits, brokered deposits totaled $251.5 million and $165.7 million as of December 31, 2024 and December 31, 2023, respectively.
 Scheduled maturities of certificates of deposit accounts as of December 31, 2024 and 2023 are as follows (in thousands):
20242023
Within one year$3,045,860 1,020,285 
One to three years110,684 63,866 
Three to five years11,608 11,773 
Five years and thereafter3 18 
$3,168,155 1,095,942 
Interest expense on deposits for the years ended December 31, 2024, 2023 and 2022 is summarized as follows (in thousands):
 Years ended December 31,
 202420232022
Savings deposits$3,443 2,184 1,276 
NOW and money market accounts245,874 125,471 32,048 
Certificates of deposits100,206 31,804 5,380 
$349,523 159,459 38,704