DEPOSITS

6 Months Ended

Jun. 30, 2020

DEPOSITS

DEPOSITS

7. DEPOSITS

A summary of deposit balances, by type, is as follows:

	June 30,		December 31,
	2020		2019
	(in thousands)
NOW and demand deposit accounts	$	842,371	$	572,280
Regular savings and club accounts		876,753		626,685
Money market deposit accounts		831,653		856,830
Total non-certificate accounts		2,550,777		2,055,795
Term certificate accounts greater than $250,000		151,915		169,595
Term certificate accounts less than or equal to $250,000		546,111		636,343
Brokered deposits		59,871		81,140
Total certificate accounts		757,897		887,078
Total deposits	$	3,308,674	$	2,942,873

The Company has established a relationship to participate in a reciprocal deposit program with other financial institutions. The reciprocal deposit program provides access to FDIC-insured deposit products in aggregate amounts exceeding the current limits for depositors. At June 30, 2020 and December 31, 2019, total reciprocal deposits were $125.5 million and $277.9 million, respectively, consisting primarily of money market accounts.

A summary of certificate accounts by maturity at June 30, 2020 is as follows:

			Weighted
			Average
	Amount		Rate
	(dollars in thousands)
Within 1 year	$	679,991	1.55	%
Over 1 year to 2 years		56,589	1.83
Over 2 years to 3 years		17,794	1.97
Over 3 years to 4 years		3,212	1.52
Over 4 years to 5 years		1,295	1.34
Total certificate deposits		758,881	1.58	%
Less unaccreted acquisition discount		(984)
Total certificate deposits, net	$	757,897