NOTE 14 – Bank Deposits

Deposits consist of money market and savings accounts, certificates of deposit, and demand deposits. Deposits at December 31, 2013 and 2012 were as follows (in thousands):



	December 31, 2013		December 31, 2012
Money market and savings accounts	$	4,310,223	$	3,271,929
Demand deposits (interest-bearing)		93,684		64,926
Demand deposits (non-interest-bearing)		17,935		8,648
Certificates of deposit		241,481		630
	$	4,663,323	$	3,346,133

The weighted average interest rate on deposits was 0.07% and 0.13% at December 31, 2013 and 2012, respectively.

Scheduled maturities of certificates of deposit at December 31, 2013 and 2012 were as follows (in thousands):


	December 31, 2013		December 31, 2012
Certificates of deposit, less than $100:
Within one year	$	82,115	$	182
One to three years		34,694		203
Three to five years		3,701		-
Over five years		66		-
	$	120,576	$	385

Certificates of deposit, $100 and greater:
Within one year	$	75,577	$	245
One to three years		41,756		-
Three to five years		3,336		-
Over five years		236		-
	$	120,905	$	245
	$	241,481	$	630

At December 31, 2013 and 2012, the amount of deposits includes related party deposits, primarily brokerage customers’ deposits from Stifel of $4.3 billion and $3.3 billion, respectively, and interest-bearing and time deposits of executive officers, directors, and their affiliates of $0.4 million and $0.2 million, respectively.