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Deposits (Tables) | 12 Months Ended
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Dec. 31, 2020
Banking and Thrift, Other Disclosures [Abstract] |
Summary of Deposits Including Accrued Interest Payable | Deposits, including accrued interest payable of $367,000 at December 31, 2020 and $238,000 at December 31, 2019, are summarized as follows (in thousands):
|  | December 31,
|  | 2020 |  | 2019
|  | Amount |  | Weighted Average Cost |  | Amount |  | Weighted Average Cost
Non-interest-bearing accounts |  | $ | 2,133,195 |  |  | — | % |  | $ | 1,377,396 |  |  | — | %
Interest-bearing checking accounts |  | 3,646,866 |  |  | 0.49 |  |  | 2,539,428 |  |  | 0.68 |
Money market deposit accounts |  | 783,521 |  |  | 0.19 |  |  | 578,147 |  |  | 0.68 |
Savings accounts |  | 1,491,251 |  |  | 0.05 |  |  | 898,174 |  |  | 0.13 |
Time deposits |  | 1,372,783 |  |  | 1.51 |  |  | 935,632 |  |  | 1.82 |
Total deposits |  | $ | 9,427,616 |  |  | 0.43 | % |  | $ | 6,328,777 |  |  | 0.62 | %
Summary of Time Deposits by Maturity | Time deposits at December 31, 2020 mature as follows (in thousands):
For the Year Ended December 31, | Time Deposit Maturities
2021 | $ | 973,426 |
2022 | 265,668 |
2023 | 63,132 |
2024 | 46,321 |
2025 | 15,138 |
Thereafter | 9,098 |
Total | $ | 1,372,783 |
Summary of Interest Expense on Deposits | Interest expense on deposits for the years ended December 31, 2020, 2019 and 2018 was as follows (in thousands):
|  | For the Year Ended December 31,
|  | 2020 |  | 2019 |  | 2018
Interest-bearing checking accounts |  | $ | 19,395 |  |  | $ | 16,820 |  |  | $ | 9,219 |
Money market deposit accounts |  | 2,902 |  |  | 4,919 |  |  | 2,818 |
Savings accounts |  | 2,505 |  |  | 1,195 |  |  | 990 |
Time deposits |  | 23,488 |  |  | 15,498 |  |  | 9,551 |
Total interest expense on deposits |  | $ | 48,290 |  |  | $ | 38,432 |  |  | $ | 22,578 |

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