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Deposits
 9 Months Ended
Sep. 30, 2024
Banking and Thrift, Other Disclosure [Abstract]  
Deposits Deposits
The following table summarizes total deposits at September 30, 2024 and December 31, 2023.

September 30,December 31,
(Dollars in thousands)20242023
Deposits - interest-bearing$21,444,710 $21,651,657 
Deposits - non-interest-bearing747 1,531 
Total deposits$21,445,457 $21,653,188 

Our total deposits of $21.4 billion were comprised of $9.8 billion in brokered deposits and $11.6 billion in retail and other deposits at September 30, 2024, compared to total deposits of $21.7 billion, which were comprised of $10.3 billion in brokered deposits and $11.4 billion in retail and other deposits, at December 31, 2023.
Interest-bearing deposits as of September 30, 2024 and December 31, 2023 consisted of retail and brokered non-maturity savings deposits, retail and brokered non-maturity money market deposits (“MMDAs”), and retail and brokered certificates of deposit (“CDs”). Interest-bearing deposits also include deposits from Educational 529 and Health Savings plans that diversify our funding sources and that we consider to be core. These and other large omnibus accounts, aggregating the deposits of many individual depositors, represented $7.0 billion and $7.6 billion of our deposit total as of September 30, 2024 and December 31, 2023, respectively. The omnibus accounts are structured in such a way that entitles the individual depositor pass-through deposit insurance (subject to Federal Deposit Insurance Corporation (“FDIC”) rules and limitations), and the majority of these deposits have contractual minimum balances and maturity terms.
Some of our deposit products are serviced by third-party providers. Placement fees associated with the brokered CDs are amortized into interest expense using the effective interest rate method. We recognized placement fee expense of $3 million and $3 million in the three months ended September 30, 2024 and 2023, respectively, and placement fee expense of $8 million and $9 million in the nine months ended September 30, 2024 and 2023, respectively. Fees paid to third-party brokers related to brokered CDs were $6 million and $4 million for the three months ended September 30, 2024 and September 30, 2023, respectively, and fees paid to third-party brokers related to brokered CDs were $6 million and $7 million for the nine months ended September 30, 2024 and September 30, 2023, respectively.

Interest bearing deposits at September 30, 2024 and December 31, 2023 are summarized as follows:
 
 September 30, 2024December 31, 2023
(Dollars in thousands)Amount
Qtr.-End
Weighted
Average
Stated Rate(1)
Amount
Year-End
Weighted
Average
Stated Rate(1)
Money market$9,499,233 4.66 %$10,258,292 4.85 %
Savings985,036 4.32 945,000 4.35 
Certificates of deposit10,960,441 4.17 10,448,365 3.69 
Deposits - interest bearing$21,444,710 $21,651,657 
    (1) Includes the effect of interest rate swaps in effective hedge relationships.
Certificates of deposit remaining maturities are summarized as follows:

(Dollars in thousands)		September 30, 2024December 31, 2023
One year or less$6,018,238 $3,937,766 
After one year to two years3,318,933 4,112,902 
After two years to three years712,443 1,881,371 
After three years to four years258,183 327,295 
After four years to five years652,413 188,802 
After five years231 229 
Total$10,960,441 $10,448,365 
As of September 30, 2024 and December 31, 2023, there were $513 million and $478 million, respectively, of deposits exceeding FDIC insurance limits. Accrued interest on deposits was $70 million and $91 million at September 30, 2024 and December 31, 2023, respectively.