NOTE 14 – Bank Deposits

Deposits consist of money market and savings accounts, certificates of deposit, and demand deposits. Deposits at December 31, 2014 and 2013 were as follows (in thousands):



	December 31,
	2014		2013
Money market and savings accounts	$	4,600,757	$	4,310,223
Demand deposits (interest-bearing)		101,652		93,684
Certificates of deposit		77,197		241,481
Demand deposits (non-interest-bearing)		10,475		17,935
	$	4,790,081	$	4,663,323

The weighted average interest rate on deposits was 0.19% and 0.07% at December 31, 2014 and 2013, respectively.

Scheduled maturities of certificates of deposit at December 31, 2014 and 2013 were as follows (in thousands):


	December 31,
	2014		2013
Certificates of deposit, less than $100:
Within one year	$	26,769	$	82,115
One to three years		6,874		34,694
Three to five years		1,268		3,701
Over five years		-		66
	$	34,911	$	120,576

Certificates of deposit, $100 and greater:
Within one year	$	33,784	$	75,577
One to three years		7,520		41,756
Three to five years		723		3,336
Over five years		259		236
	$	42,286	$	120,905
	$	77,197	$	241,481

At December 31, 2014 and 2013, the amount of deposits includes related party deposits, primarily brokerage customers’ deposits from Stifel of $4.7 billion and $4.3 billion, respectively, and interest-bearing and time deposits of executive officers, directors, and their affiliates of $0.3 million and $0.4 million, respectively.