DEPOSITS

9 Months Ended

Sep. 30, 2020

DEPOSITS

DEPOSITS

7. DEPOSITS

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

	September 30,		December 31,
	2020		2019
	(in thousands)
NOW and demand deposit accounts	$	852,356	$	572,280
Regular savings and club accounts		912,017		626,685
Money market deposit accounts		815,644		856,830
Total non-certificate accounts		2,580,017		2,055,795
Term certificate accounts greater than $250,000		142,266		169,595
Term certificate accounts less than or equal to $250,000		526,614		636,343
Brokered deposits		116,991		81,140
Total certificate accounts		785,871		887,078
Total deposits	$	3,365,888	$	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 September 30, 2020 and December 31, 2019, total reciprocal deposits were $107.8 million and $277.9 million, respectively, consisting primarily of money market accounts.

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

			Weighted
			Average
	Amount		Rate
	(dollars in thousands)
Within 1 year	$	720,786	1.25	%
Over 1 year to 2 years		45,648	1.78
Over 2 years to 3 years		13,174	1.96
Over 3 years to 4 years		5,737	1.16
Over 4 years to 5 years		1,326	0.97
Total certificate deposits		786,671	1.29	%
Less unaccreted acquisition discount		(800)
Total certificate deposits, net	$	785,871