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Deposits
6 Months Ended
Jun. 30, 2022
Deposits [Abstract]  
Deposits

Note 11—Deposits

The composition of deposits was as follows as of June 30, 2022 and December 31, 2021:

 

 

 

June 30,

 

 

December 31,

 

 

 

2022

 

 

2021

 

Non-interest-bearing demand deposits

 

$

2,180,927

 

 

$

2,158,420

 

Interest-bearing checking accounts

 

 

535,856

 

 

 

572,426

 

Money market demand accounts

 

 

1,323,287

 

 

 

1,106,272

 

Other savings

 

 

669,164

 

 

 

638,218

 

Time deposits (below $250,000)

 

 

544,759

 

 

 

532,589

 

Time deposits ($250,000 and above)

 

 

134,384

 

 

 

147,122

 

Total deposits

 

$

5,388,377

 

 

$

5,155,047

 

There were $67.5 million of brokered deposits included in Time deposits below $250,000 at June 30, 2022. There were no brokered deposits included in Time deposits at December 31, 2021.

At June 30, 2022, the scheduled maturities of time deposits were:

 

 

Scheduled Maturities

 

2022

 

$

372,347

 

2023

 

 

257,098

 

2024

 

 

26,140

 

2025

 

 

9,009

 

2026 and thereafter

 

 

14,549

 

Total

 

$

679,143

 

The Company hedges interest rates on certain money market accounts using interest rate swaps through which the Company receives variable amounts and pays fixed amounts. Refer to Note 16—Derivative Instruments and Hedging Activities for additional discussion.