Deposits

12 Months Ended

Dec. 31, 2019

NOTE 8: DEPOSITS

The following table sets forth the weighted average interest rates for each type of deposit at December 31, 2019 and 2018:


	December 31,
	2019								2018
(dollars in thousands)	Amount		Percent of Total			Weighted Average Interest Rate			Amount		Percent of Total			Weighted Average Interest Rate
Interest-bearing checking and money market accounts	$	10,230,144		32.32	%		1.30	%	$	11,530,049		37.48	%		1.74	%
Savings accounts		4,780,007		15.10			0.75			4,643,260		15.09			0.68
Certificates of deposit		14,214,858		44.90			2.30			12,194,322		39.64			2.15
Non-interest-bearing accounts		2,432,123		7.68			—			2,396,799		7.79			—

Total deposits	$	31,657,132		100.00	%		1.57	%	$	30,764,430		100.00	%		1.61	%

At December 31, 2019 and 2018, the aggregate amount of deposits that had been reclassified as loan balances (i.e., overdrafts) was $2.4 million and $2.8 million, respectively.

The scheduled maturities of certificates of deposit (“CDs”) at December 31, 2019 were as follows:


(in thousands)
1 year or less	$	13,310,426
More than 1 year through 2 years		684,586
More than 2 years through 3 years		27,029
More than 3 years through 4 years		5,638
More than 4 years through 5 years		186,951
Over 5 years		228

Total CDs	$	14,214,858

The following table presents a summary of CDs in amounts of $100,000 or more by remaining term to maturity, at December 31, 2019:


	CDs of $100,000 or More Maturing Within
(in thousands)	3 Months or Less		Over 3 to 6 Months		Over 6 to 12 Months		Over 12 Months		Total
Total	$	1,884,127	$	2,804,613	$	2,626,676	$	590,350	$	7,905,766

Included

in total deposits at both December

2019

and

2018

were brokered deposits of $

5.2

billion and $

4.0

billion with weighted average interest rates of

1.94

% and

2.50

% at the respective year-ends. Brokered money market accounts represented $

1.5

billion and $

1.9

billion, respectively, of the December

2019

and

2018

totals, and brokered interest-bearing checking accounts represented $

1.2

billion

and $

786.1

million, respectively. Brokered CDs represented $

2.5

billion and $

1.3

billion of brokered deposits at December

2019

and

2018

, respectively.