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Deposits
 3 Months Ended
Mar. 31, 2023
Deposit [Abstract]  
Deposits DEPOSITS
The components of deposits at March 31, 2023 and December 31, 2022 were as follows:
March 31, 2023December 31, 2022
(amounts in thousands)
Demand, non-interest bearing$3,487,517 $1,885,045 
Demand, interest bearing5,791,302 8,476,027 
Savings, including money market deposit accounts2,943,992 3,546,015 
Time5,500,806 4,249,866 
Total deposits$17,723,617 $18,156,953 
The scheduled maturities for time deposits at March 31, 2023 were as follows:
(amounts in thousands)March 31, 2023
2023$2,846,450 
20242,255,828 
2025121,435 
2026275,909 
20271,144 
Thereafter40 
Total time deposits$5,500,806 
Time deposits greater than the FDIC limit of $250,000 totaled $61.1 million and $85.5 million at March 31, 2023 and December 31, 2022, respectively.
Included in the demand, interest bearing balances above were $755.4 million and $553.2 million of brokered demand deposits at March 31, 2023 and December 31, 2022, respectively. Included in the savings and money market deposit account balances above were $10.4 million and $415.7 million of brokered money market deposits at March 31, 2023 and December 31, 2022, respectively. Included in time deposits above were $5.3 billion and $4.0 billion of brokered time deposits at March 31, 2023 and December 31, 2022, respectively.
Demand deposit overdrafts reclassified as loans were $2.4 million and $3.7 million at March 31, 2023 and December 31, 2022, respectively.
In 2021, Customers Bancorp completed the divestiture of BMT, the technology arm of its BankMobile segment, to MFAC Merger Sub Inc., an indirect wholly-owned subsidiary of MFAC. In connection with the closing of the divestiture, MFAC changed its name to “BM Technologies, Inc.” In connection with the divestiture, Customers entered into various agreements with BM Technologies, including a deposit servicing agreement. Customers incurred expenses of $7.6 million and $17.8 million to BM Technologies under the deposit servicing agreement, included within the technology, communication and bank operations expense in non-interest expense during the three months ended March 31, 2023 and 2022, respectively. Customers held $1.1 billion of deposits serviced by BM Technologies as of March 31, 2023 and December 31, 2022. On March 22, 2023, Customers agreed to extend the deposit servicing agreement to the earlier of BM Technologies' successful completion of the transfer of the serviced deposits in connection with BM Technologies' Higher Education business to a new sponsor bank or June 30, 2024. Also on March 22, 2023, Customers agreed to amend and extend an existing white label relationship with a third party and BM Technologies, whereby Customers will continue to pay deposit servicing fees to BM Technologies.