Deposits (Tables)

12 Months Ended

Dec. 31, 2021

Deposits [Abstract]

Schedule of deposits

The following table summarizes total deposits at December 31, 2021 and 2020.

As of December 31, (dollars in thousands)	2021		2020
Deposits - interest bearing	$	20,826,692	$	22,664,899
Deposits - non-interest bearing	1,432		1,140
Total deposits	$	20,828,124	$	22,666,039

Interest bearing deposits

Interest bearing deposits at December 31, 2021 and 2020 are summarized as follows:

 

	2021				2020
As of December 31, (dollars in thousands)	Amount		Year-End Weighted Average Stated Rate(1)		Amount		Year-End Weighted Average Stated Rate(1)
Money market	$	10,473,569	0.69	%	$	10,159,657	0.83	%
Savings	959,122		0.43		907,976		0.55
Certificates of deposit	9,394,001		1.20		11,597,266		1.34
Deposits - interest bearing	$	20,826,692			$	22,664,899

        (1) Includes the effect of interest rate swaps in effective hedge relationships.

Schedule of maturities of time deposits

Certificates of deposit remaining maturities are summarized as follows:

As of December 31, (dollars in thousands)	2021		2020
One year or less	$	4,407,370	$	5,728,556
After one year to two years	2,297,955		3,363,022
After two years to three years	1,299,461		1,603,229
After three years to four years	299,737		553,911
After four years to five years	1,042,065		300,346
After five years	47,413		48,202
Total	$	9,394,001	$	11,597,266