Deposits

12 Months Ended

Dec. 31, 2021

Deposits [Abstract]

Deposits

Deposits

Deposits at December 31, 2021 and 2020 are summarized as follows:

	December 31,
	2021				2020
	Balance		Weighted Average Rate		Balance		Weighted Average Rate
	(Dollars in thousands)
Non-interest-bearing demand	$	1,712,061	—	%	$	1,354,605	—	%
Interest-bearing demand	2,599,987		0.25		2,189,164		0.40
Money market accounts	657,156		0.22		588,180		0.36
Savings and club deposits	822,833		0.06		688,309		0.16
Certificates of deposit	1,778,179		0.73		1,958,366		1.44
Total deposits	$	7,570,216	0.28	%	$	6,778,624	0.59	%

Included in the above balances at December 31, 2021 and 2020 are certificates of deposit obtained through brokers, totaling $5.0 million and $26.3 million, respectively, that were acquired from Stewardship.

The aggregate amount of certificates of deposit that meet or exceed $100,000 totaled approximately $932.4 million and $1.0 billion at December 31, 2021 and 2020, respectively.

Scheduled maturities of certificates of deposit accounts at December 31, 2021 and 2020 are summarized as follows:

	December 31,
	2021		2020
	(In thousands)
One year or less	$	1,087,631	$	1,494,129
After one year to two years	418,515		337,579
After two years to three years	143,950		52,809
After three years to four years	36,277		23,018
After four years	91,806		50,831
	$	1,778,179	$	1,958,366

Interest expense on deposits for the years ended December 31, 2021, 2020, and 2019 are summarized as follows:

	Years Ended December 31,
	2021		2020		2019
	(In thousands)
Demand (including money market accounts)	$	10,077	$	15,556	$	19,922
Savings and club deposits	731		1,023		770
Certificates of deposit	18,301		38,667		40,859
	$	29,109	$	55,246	$	61,551