Bank Deposits (Tables)

3 Months Ended

Mar. 31, 2024

Deposit Liabilities [Abstract]

Deposits from Banking Clients Consisting of Interest Bearing and Noninterest Bearing Deposits

Bank deposits consist of interest-bearing and non-interest-bearing deposits as follows:

	March 31, 2024		December 31, 2023
Interest-bearing deposits:
Deposits swept from brokerage accounts	$	208,903	$	220,274
Time certificates of deposit (1)	39,128		48,297
Checking	15,642		15,691
Savings and other	4,268		4,461
Total interest-bearing deposits	267,941		288,723
Non-interest-bearing deposits	1,519		1,230
Total bank deposits	$	269,460	$	289,953

(1) Time certificates of deposit consist of brokered CDs. The weighted-average interest rates on outstanding time certificates of deposit at March 31, 2024 and December 31, 2023 were 5.22% and 5.15%, respectively. As of March 31, 2024 and December 31, 2023, there were no time deposits that were in excess of FDIC insurance limits or otherwise uninsured.

Annual Maturities on Time Certificates of Deposit Outstanding

Annual maturities on time certificates of deposit outstanding at March 31, 2024 are as follows:

	Balance
2024	$	32,584
2025	6,544
Total	$	39,128