Deposits

12 Months Ended

Dec. 31, 2022

Statistical Disclosure for Banks [Abstract]

Deposits

DEPOSITS

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

Deposit Types

dollars in millions	December 31, 2022		December 31, 2021
Noninterest-bearing demand	$	24,922	$	21,405
Checking with interest	16,202		12,694
Money market	21,040		10,590
Savings	16,634		4,236
Time	10,610		2,481
Total deposits	$	89,408	$	51,406

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

Deposit Maturities

dollars in millions
Year Ended December 31,
2023	$	6,896
2024	2,935
2025	546
2026	73
2027	34
Thereafter	126
Total time deposits	$	10,610

Time deposits with a denomination of $250,000 or more were $2.22 billion and $593 million at December 31, 2022 and 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. Deposits (based on branch location) as of December 31, 2022, in North Carolina and South Carolina represented approximately 39.7% and 13.3%, respectively, of total deposits. Additionally, the CIT Merger added deposits that were primarily related to the Digital Bank of $16.47 billion or 18.4% of total FCB deposits as of December 31, 2022.