XML 43 R17.htm IDEA: XBRL DOCUMENT v3.23.2
Deposits
6 Months Ended
Jun. 30, 2023
Broker-Dealer [Abstract]  
Deposits
Note 10    Deposits
The following table presents average balances and weighted average rates paid on deposits for the periods indicated (dollars in thousands):
Three Months Ended June 30,Six Months Ended June 30,
 2023202220232022
 Average
Balance
Average
Rate Paid
Average
Balance
Average
Rate Paid
Average
Balance
Average
Rate Paid
Average
Balance
Average
Rate Paid
Demand deposits:      
Non-interest bearing$7,067,053 — %$9,419,025 — %$7,261,557 — %$9,234,469 — %
Interest bearing2,772,839 2.66 %2,576,257 0.27 %2,570,422 2.30 %2,825,830 0.22 %
Savings and money market10,285,494 3.47 %13,052,566 0.47 %11,169,671 3.25 %13,225,986 0.35 %
Time5,494,631 3.62 %2,812,988 0.51 %5,013,230 3.26 %3,064,887 0.42 %
$25,620,017 2.46 %$27,860,836 0.30 %$26,014,880 2.25 %$28,351,172 0.23 %
Time deposit accounts with balances greater than $250,000 totaled $884 million and $730 million at June 30, 2023 and December 31, 2022, respectively.
The following table presents maturities of time deposits as of June 30, 2023 (in thousands):
Maturing in:
2023$3,219,290 
20241,841,395 
2025147,658 
2026310,181 
20271,055 
Thereafter192 
$5,519,771 
Interest expense on deposits for the periods indicated was as follows (in thousands):
Three Months Ended June 30,Six Months Ended June 30,
 2023202220232022
Interest bearing demand$18,417 $1,742 $29,291 $3,111 
Savings and money market88,892 15,213 180,287 22,866 
Time49,559 3,546 80,920 6,386 
$156,868 $20,501 $290,498 $32,363 
During the three and six months ended June 30, 2023 and 2022, costs related to certain customer rebate and commission programs totaled $9.4 million, $17.9 million, $2.2 million and $3.8 million, respectively. These costs are included in "other non-interest expense" in the accompanying consolidated statements of income.