DEPOSITS

6 Months Ended

Jun. 30, 2021

DEPOSITS

DEPOSITS

7. DEPOSITS

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

	June 30,		December 31,
	2021		2020
	(in thousands)
NOW and demand deposit accounts	$	1,050,217	$	908,256
Regular savings and club accounts		1,123,123		998,994
Money market deposit accounts		832,006		866,661
Total non-certificate accounts		3,005,346		2,773,911
Term certificate accounts greater than $250,000		122,950		135,190
Term certificate accounts less than or equal to $250,000		459,644		497,108
Brokered deposits		100,000		100,000
Total certificate accounts		682,594		732,298
Total deposits	$	3,687,940	$	3,506,209

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, 2021 and December 31, 2020, total reciprocal deposits were $45.0 million and $104.9 million, respectively, consisting primarily of money market accounts.

A summary of certificate accounts by maturity at June 30, 2021 is as follows:

			Weighted
			Average
	Amount		Rate
	(dollars in thousands)
Within 1 year	$	593,842	0.56	%
Over 1 year to 2 years		58,012	0.98
Over 2 years to 3 years		4,855	1.28
Over 3 years to 4 years		23,585	1.02
Over 4 years to 5 years		2,667	0.71
Total certificate deposits		682,961	0.61	%
Less unaccreted acquisition discount		(367)
Total certificate deposits, net	$	682,594