Deposits

3 Months Ended

Mar. 31, 2022

Statistical Disclosure for Banks [Abstract]

Deposits

DEPOSITS

The following table provides detail on deposit types. The deposit balances as of March 31, 2022 reflect those acquired in the CIT Merger, as described in Note 2 — Business Combinations.

Deposit Types

dollars in millions	March 31, 2022		December 31, 2021
Non-interest-bearing demand	$	25,898	$	21,405
Checking with interest	16,702		12,694
Money market	26,249		10,590
Savings	13,506		4,236
Time	9,242		2,481
Total deposits	$	91,597	$	51,406

At March 31, 2022, the scheduled maturities of time deposits were:

Deposit Maturities

dollars in millions
Twelve months ended March 31,
2023	$	6,765
2024	1,223
2025	695
2026	369
2027	67
Thereafter	123
Total time deposits	$	9,242

Time deposits with a denomination of $250,000 or more were $1.6 billion and $593 million at March 31, 2022 and December 31, 2021, respectively.

As of December 31, 2021, FCB’s primary deposit markets were North Carolina and South Carolina, which represent approximately 50.8% and 22.7%, respectively, of total FCB deposits. The CIT Merger added deposits that were primarily in California (which also includes its internet banking). Deposits (based on branch location) as of March 31, 2022, in California, North Carolina and South Carolina represented approximately 41.2%, 29.2% and 13.1%, respectively, of total deposits.