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Deposits
 3 Months Ended
Mar. 31, 2025
Banking and Thrift, Other Disclosure [Abstract]  
Deposits Deposits
The following table summarizes total deposits at March 31, 2025 and December 31, 2024.

March 31,December 31,
(Dollars in thousands)20252024
Deposits - interest-bearing$20,070,552 $21,066,752 
Deposits - non-interest-bearing2,616 1,816 
Total deposits$20,073,168 $21,068,568 

Our total deposits of $20.1 billion were comprised of $8.7 billion in brokered deposits and $11.4 billion in retail and other deposits at March 31, 2025, compared to total deposits of $21.1 billion, which were comprised of $9.5 billion in brokered deposits and $11.6 billion in retail and other deposits, at December 31, 2024.
Interest-bearing deposits as of March 31, 2025 and December 31, 2024 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 $6.8 billion and $7.0 billion of our deposit total as of March 31, 2025 and December 31, 2024, 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 $2 million and $3 million in the three months ended March 31, 2025 and 2024, respectively. There were no fees paid to third-party brokers related to brokered CDs for either the three months ended March 31, 2025 or March 31, 2024.

Interest bearing deposits at March 31, 2025 and December 31, 2024 are summarized as follows:
 
 March 31, 2025December 31, 2024
(Dollars in thousands)Amount
Qtr.-End
Weighted
Average
Stated Rate(1)
Amount
Year-End
Weighted
Average
Stated Rate(1)
Money market$9,414,764 4.11 %$9,582,290 4.27 %
Savings1,002,260 3.83 944,034 4.02 
Certificates of deposit9,653,528 4.06 10,540,428 4.20 
Deposits - interest bearing$20,070,552 $21,066,752 
    (1) Includes the effect of interest rate swaps in effective hedge relationships.
Certificates of deposit remaining maturities are summarized as follows:

(Dollars in thousands)		March 31, 2025December 31, 2024
One year or less$5,663,300 $6,569,872 
After one year to two years2,205,759 2,074,849 
After two years to three years903,006 986,262 
After three years to four years165,656 189,421 
After four years to five years715,777 720,005 
After five years30 19 
Total$9,653,528 $10,540,428 
As of March 31, 2025 and December 31, 2024, there were $551 million and $567 million, respectively, of deposits exceeding FDIC insurance limits. Accrued interest on deposits was $60 million and $92 million at March 31, 2025 and December 31, 2024, respectively.