Deposits

6 Months Ended

Jun. 30, 2022

Statistical Disclosure for Banks [Abstract]

Deposits

DEPOSITS

The following table provides detail on deposit types. The deposit balances as of June 30, 2022 reflect those acquired in the CIT Merger, as described in Note 2 — Business Combinations.

Deposit Types

dollars in millions	June 30, 2022		December 31, 2021
Noninterest-bearing demand	$	26,645	$	21,405
Checking with interest	16,285		12,694
Money market	24,699		10,590
Savings	13,319		4,236
Time	8,381		2,481
Total deposits	$	89,329	$	51,406

At June 30, 2022, the scheduled maturities of time deposits were:

Deposit Maturities

dollars in millions
Twelve months ended June 30,
2023	$	5,963
2024	1,299
2025	737
2026	201
2027	59
Thereafter	122
Total time deposits	$	8,381

Time deposits with a denomination of $250,000 or more were $1.4 billion and $593 million at June 30, 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 June 30, 2022, in California, North Carolina and South Carolina represented approximately 39.5%, 30.2% and 13.4%, respectively, of total deposits.