Deposits (Tables)

12 Months Ended

Dec. 31, 2020

Other Liabilities [Abstract]

Schedule of Deposits

Deposits at December 31, 2020 and 2019 are summarized as follows (in thousands):

	2020		Weighted average interest rate		2019		Weighted average interest rate
Savings deposits	$	1,348,147	0.11	%	$	983,714	0.14	%
Money market accounts	2,245,412		0.45		1,738,202		0.79
NOW accounts	2,808,637		0.42		2,092,413		0.79
Non-interest bearing deposits	2,341,459		—		1,554,253		—
Certificates of deposit	1,094,174		0.89		734,027		1.72
Total deposits	$	9,837,829			$	7,102,609

Scheduled Maturities of Certificates of Deposit

Scheduled maturities of certificates of deposit accounts at December 31, 2020 and 2019 are as follows (in thousands):

	2020		2019
Within one year	$	886,018	606,870
One to three years	153,114		81,987
Three to five years	54,544		44,243
Five years and thereafter	498		927
	$	1,094,174	734,027

Interest Expense on Deposits

Interest expense on deposits for the years ended December 31, 2020, 2019 and 2018 is summarized as follows (in thousands):

	Years ended December 31,
	2020		2019	2018
Savings deposits	$	1,689	1,681	1,923
NOW and money market accounts	22,762		29,542	20,450
Certificates of deposits	9,138		14,271	8,320
	$	33,589	45,494	30,693