Deposit Accounts

12 Months Ended

Dec. 31, 2020

Deposits Liabilities [Abstract]

Deposit Accounts

Deposit Accounts

Deposit accounts and weighted average interest rates consisted of the following at December 31:

	2020				2019
	Amount		Weighted Average Interest Rate		Amount		Weighted Average Interest Rate
	(Dollars in thousands)
Noninterest-bearing checking	$	6,011,106	—	%	$	3,857,660	—	%
Interest-bearing checking	2,913,260		0.06	%	586,019		0.43	%
Money market	5,302,073		0.23	%	3,171,164		0.83	%
Savings	360,896		0.09	%	235,824		0.16	%
Certificates of deposit accounts
$250,000 or less	800,957		0.88	%	500,331		1.59	%
Greater than $250,000	825,885		0.88	%	547,511		1.77	%
Total certificates of deposit accounts	1,626,842		0.88	%	1,047,842		1.69	%
Total deposits	$	16,214,177	0.18	%	$	8,898,509	0.53	%

The aggregate annual maturities of certificates of deposit accounts at December 31, 2020 are as follows:

	2020
	Amount		Weighted Average Interest Rate
	(Dollars in thousands)
Within 3 months	$	692,493	0.81	%
4 to 6 months	363,533		1.12	%
7 to 12 months	377,731		0.89	%
13 to 24 months	86,934		0.82	%
25 to 36 months	13,217		1.56	%
37 to 60 months	9,576		1.24	%
Over 60 months	83,358		0.35	%
Total	$	1,626,842	0.88	%

Interest expense on deposit accounts for the years ended December 31 is summarized as follows:

	2020		2019		2018
	(Dollars in thousands)
Checking accounts	$	3,295	$	2,340	$	1,167
Money market accounts	19,903		28,279		19,567
Savings	393		382		357
Certificates of deposit accounts	10,745		27,296		16,562
Total	$	34,336	$	58,297	$	37,653

Accrued interest on deposits, which is included in accrued expenses and other liabilities, was $507,000 at December 31, 2020 and $590,000 at December 31, 2019.