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Bank Deposits (Tables)
9 Months Ended
Sep. 30, 2020
Deposits Liabilities Balance Sheet Reported Amounts [Abstract]  
Schedule of Deposits

Deposits consist of money market and savings accounts, certificates of deposit, and demand deposits. Deposits at September 30, 2020 and December 31, 2019 were as follows (in thousands):

 

 

 

September 30, 2020

 

 

December 31,

2019

 

Money market and savings accounts

 

$

15,653,048

 

 

$

13,530,670

 

Demand deposits (interest-bearing)

 

 

363,999

 

 

 

1,113,296

 

Demand deposits (non-interest-bearing)

 

 

271,056

 

 

 

165,657

 

Certificates of deposit

 

 

111,898

 

 

 

522,958

 

 

 

$

16,400,001

 

 

$

15,332,581

 

Schedule of Maturities of Certificates of Deposit

Scheduled maturities of certificates of deposit at September 30, 2020 and December 31, 2019 were as follows (in thousands):

 

 

 

September 30, 2020

 

 

December 31,

2019

 

Certificates of deposit, less than $100,000:

 

 

 

 

 

 

 

 

Within one year

 

$

3,120

 

 

$

5,305

 

One to three years

 

 

244

 

 

 

360

 

Three to five years

 

 

13

 

 

 

13

 

 

 

$

3,377

 

 

$

5,678

 

Certificates of deposit, $100,000 and greater:

 

 

 

 

 

 

 

 

Within one year

 

$

74,158

 

 

$

441,341

 

One to three years

 

 

34,163

 

 

 

68,855

 

Three to five years

 

 

200

 

 

 

7,084

 

 

 

 

108,521

 

 

 

517,280

 

 

 

$

111,898

 

 

$

522,958