NOTE 12 – Bank Deposits

Deposits consist of money market and savings accounts, certificates of deposit, and demand deposits. Deposits at June 30, 2015 and December 31, 2014 were as follows (in thousands):

	June 30, 2015		December 31, 2014
Money market and savings accounts	$	4,242,577	$	4,600,757
Demand deposits (interest-bearing)		26,111		101,652
Certificates of deposit		32,859		77,197
Demand deposits (non-interest-bearing)		12,390		10,475
	$	4,313,937	$	4,790,081

The weighted-average interest rate on deposits was 0.18% and 0.19% at June 30, 2015 and December 31, 2014, respectively.

Scheduled maturities of certificates of deposit at June 30, 2015 and December 31, 2014 were as follows (in thousands):

	June 30, 2015		December 31, 2014
Certificates of deposit, less than $100:
Within one year	$	10,149	$	26,769
One to three years		4,209		6,874
Three to five years		617		1,268
Over five years		—		—
	$	14,975	$	34,911
Certificates of deposit, $100 and greater:
Within one year		13,194	$	33,784
One to three years		3,817		7,520
Three to five years		873		723
Over five years		—		259
		17,884		42,286
	$	32,859	$	77,197

At June 30, 2015 and December 31, 2014, the amount of deposits includes related party deposits, primarily brokerage customers’ deposits from Stifel of $4.8 billion and $4.7 billion, respectively, and interest-bearing and time deposits of executive officers, directors, and their affiliates of $0.2 million and $0.3 million, respectively.