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Deposits
12 Months Ended
Dec. 31, 2023
Banking and Thrift, Interest [Abstract]  
Deposits Deposits
The following table provides a summary of the Company’s deposits as of the dates indicated:
As of December 31,
20232022
(In thousands)
Demand$5,162,218 $6,240,637 
Interest checking accounts3,737,361 4,568,122 
Savings accounts1,323,126 1,831,123 
Money market investment4,664,475 4,710,095 
Certificates of deposit2,709,037 1,624,382 
Total deposits$17,596,217 $18,974,359 
At December 31, 2023 and 2022, the Company had a balance of $2.4 million and $2.3 million, respectively, in overdrafts. Overdrafts are included in loans in the Consolidated Balance Sheets.
The following table summarizes certificate of deposits by maturity at December 31, 2023:
BalancePercentage of Total
Year(Dollars in thousands)
2024$2,683,364 99.1 %
202515,484 0.6 %
20265,630 0.2 %
20272,940 0.1 %
20281,586 0.1 %
Thereafter33 0.0 %
Total certificates of deposit$2,709,037 100.0 %
The FDIC offers insurance coverage on deposits up to the federally insured limit of $250,000. The amount of certificates of deposit equal to or greater than $250,000, as of December 31, 2023 and 2022, was $867.6 million and $239.1 million, respectively.
Included in the certificates of deposit balances above were $50.0 million and $928.6 million of brokered certificates of deposit at December 31, 2023 and 2022, respectively.