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DEPOSITS | 12 Months Ended
--- | ---
Dec. 31, 2021
DEPOSITS |
DEPOSITS | 11. DEPOSITS Deposits are summarized as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31, 2021 | ​ | December 31, 2020
​ | ​ | Weighted | ​ | ​ | ​ | ​ | Weighted | ​ | ​ | ​
​ | ​ | Average | ​ | ​ | ​ | ​ | Average | ​ | ​ | ​
(Dollars in thousands) |  | Rate |  | Liability |  | Rate |  | Liability
Savings |  | 0.03 | % | $ | 1,158,040 |  | 0.12 | % | $ | 414,809
Certificates of deposit ("CDs") |  | 0.58 | ​ |  | 853,242 |  | 0.84 | ​ |  | 1,322,638
Money market |  | 0.07 | ​ |  | 3,621,552 |  | 0.24 | ​ |  | 1,716,624
Interest-bearing checking |  | 0.18 | ​ |  | 905,717 |  | 0.10 | ​ |  | 290,300
Non-interest-bearing checking |  | — | ​ |  | 3,920,423 |  | — | ​ |  | 780,751
Total |  | 0.09 | % | $ | 10,458,974 |  | 0.36 | % | $ | 4,525,122
​ As a result of the Merger, the Company acquired $5.41 billion of deposits on the Merger Date. ​ The following table presents a summary of scheduled maturities of CDs outstanding at December 31, 2021: ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Maturing | ​ | Weighted Average |
(Dollars in thousands) |  | Balance |  | Interest Rate |
2022 |  | $ | 701,259 | ​ | 0.51 | %
2023 | ​ |  | 98,015 | ​ | 0.87 | ​
2024 | ​ |  | 27,402 | ​ | 1.20 | ​
2025 | ​ |  | 15,078 | ​ | 1.12 | ​
2026 | ​ |  | 9,110 | ​ | 0.52 | ​
2027 and beyond | ​ |  | 2,378 | ​ | 0.67 | ​
Total | ​ | $ | 853,242 | ​ | 0.58 | %
​ CDs that met or exceeded the Federal Deposit Insurance Corporation (“FDIC”) insurance limit of $250 thousand were $200.1 million and $279.0 million December 31, 2021 and 2020, respectively.

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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 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher SEC -Name Regulation S-K (SK) -Number 229 -Section 1406 -Paragraph (e) Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher SEC -Name Regulation S-K (SK) -Number 229 -Section 1406 + Details
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