Deposits

12 Months Ended

Dec. 31, 2023

Deposits at December 31, 2023 and 2022 are summarized as follows:


	December 31,
	2023				2022
	Balance		Weighted Average Rate		Balance		Weighted Average Rate
	(Dollars in thousands)

Non-interest-bearing demand	$	1,437,361	—	%	$	1,806,152	—	%
Interest-bearing demand	1,966,463		2.07		2,592,884		0.75
Money market accounts	1,255,528		3.28		718,524		0.93
Savings and club deposits	700,348		0.48		913,738		0.06
Certificates of deposit	2,486,856		3.91		1,969,861		2.16
Total deposits	$	7,846,556	2.31	%	$	8,001,159	0.86	%

The aggregate amount of certificates of deposit that meet or exceed $100,000 totaled approximately $1.5 billion and $1.1 billion at December 31, 2023 and 2022, respectively.

Scheduled maturities of certificates of deposit accounts at December 31, 2023 and 2022 are summarized as follows:


	December 31,
	2023		2022
	(In thousands)

One year or less	$	2,077,863	$	1,189,826
After one year to two years	321,271		610,965
After two years to three years	57,836		92,120
After three years to four years	13,427		48,981
After four years	16,459		27,969
	$	2,486,856	$	1,969,861

Interest expense on deposits for the years ended December 31, 2023, 2022, and 2021 are summarized as follows:


	Years Ended December 31,
	2023		2022		2021
	(In thousands)

Demand (including money market accounts)	$	62,070	$	13,900	$	10,077
Savings and club deposits	2,231		466		731
Certificates of deposit	60,861		13,512		18,301
	$	125,162	$	27,878	$	29,109