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Deposits (Tables) | 12 Months Ended
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Dec. 31, 2021
Banking and Thrift, Other Disclosures [Abstract] |
Summary of Deposits Including Accrued Interest Payable | The major types of deposits at December 31, 2021 and 2020 were as follows (dollars in thousands):
|  | December 31,
|  | 2021 |  | 2020
|  | Amount |  | Weighted Average Cost |  | Amount |  | Weighted Average Cost
Non-interest-bearing |  | $ | 2,412,056 |  |  | — | % |  | $ | 2,133,195 |  |  | — | %
Interest-bearing checking |  | 4,201,736 |  |  | 0.24 |  |  | 3,646,866 |  |  | 0.49 |
Money market deposit |  | 736,090 |  |  | 0.06 |  |  | 783,521 |  |  | 0.19 |
Savings |  | 1,607,933 |  |  | 0.03 |  |  | 1,491,251 |  |  | 0.05 |
Time deposits |  | 775,001 |  |  | 0.95 |  |  | 1,372,783 |  |  | 1.51 |
Total deposits |  | $ | 9,732,816 |  |  | 0.19 | % |  | $ | 9,427,616 |  |  | 0.43 | %
Summary of Time Deposits by Maturity | Time deposits at December 31, 2021 mature as follows (in thousands):
For the Year Ending December 31, | Time Deposit Maturities
2022 | $ | 552,666 |
2023 | 110,956 |
2024 | 67,097 |
2025 | 16,417 |
2026 | 13,539 |
Thereafter | 14,326 |
Total | $ | 775,001 |
Summary of Interest Expense on Deposits | Interest expense on deposits for the years ended December 31, 2021, 2020 and 2019 was as follows (in thousands):
|  | For the Year Ended December 31,
|  | 2021 |  | 2020 |  | 2019
Interest-bearing checking |  | $ | 13,400 |  |  | $ | 19,395 |  |  | $ | 16,820 |
Money market deposit |  | 1,105 |  |  | 2,902 |  |  | 4,919 |
Savings |  | 631 |  |  | 2,505 |  |  | 1,195 |
Time deposits |  | 10,074 |  |  | 23,488 |  |  | 15,498 |
Total interest expense on deposits |  | $ | 25,210 |  |  | $ | 48,290 |  |  | $ | 38,432 |

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