Deposits (Tables)

12 Months Ended

Dec. 31, 2023

Deposits [Abstract]

Schedule of Deposits

The following table summarizes total deposits at December 31, 2023 and 2022.

As of December 31, (dollars in thousands)	2023		2022
Deposits - interest bearing	$	21,651,657	$	21,446,647
Deposits - non-interest bearing	1,531		1,424
Total deposits	$	21,653,188	$	21,448,071

Schedule of Interest Bearing Deposits

Interest bearing deposits at December 31, 2023 and 2022 are summarized as follows:

 

	2023				2022
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	$	10,258,292	4.85	%	$	10,977,242	3.75	%
Savings	945,000		4.35		982,586		3.15
Certificates of deposit	10,448,365		3.69		9,486,819		2.57
Deposits - interest bearing	$	21,651,657			$	21,446,647

        (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)	2023		2022
One year or less	$	3,937,766	$	3,224,573
After one year to two years	4,112,902		2,954,257
After two years to three years	1,881,371		1,904,919
After three years to four years	327,295		1,031,881
After four years to five years	188,802		324,375
After five years	229		46,814
Total	$	10,448,365	$	9,486,819