NOTE 12 – Bank Deposits

Deposits consist of money market and savings accounts, certificates of deposit, and demand deposits. Deposits at March 31, 2015 and December 31, 2014 were as follows (in thousands):



	March 31, 2015		December 31, 2014
Money market and savings accounts	$	4,692,666	$	4,600,757
Demand deposits (interest-bearing)		71,891		101,652
Certificates of deposit		55,970		77,197
Demand deposits (non-interest-bearing)		13,513		10,475
	$	4,834,040	$	4,790,081

The weighted average interest rate on deposits was 0.18% and 0.19% at March 31, 2015 and December 31, 2014, respectively.

Scheduled maturities of certificates of deposit at March 31, 2015 and December 31, 2014 were as follows (in thousands):


	March 31, 2015		December 31, 2014
Certificates of deposit, less than $100:
Within one year	$	19,613	$	26,769
One to three years		5,653		6,874
Three to five years		952		1,268
Over five years		-		-
	$	26,218	$	34,911

Certificates of deposit, $100 and greater:
Within one year	$	23,736	$	33,784
One to three years		5,010		7,520
Three to five years		1,006		723
Over five years		-		259
	$	29,752	$	42,286
	$	55,970	$	77,197

At March 31, 2015 and December 31, 2014, the amount of deposits includes related party deposits, primarily brokerage customers’ deposits from Stifel of $4.8 billion and $4.7 billion, respectively, and interest-bearing and time deposits of executive officers, directors, and their affiliates of $0.5 million and $0.3 million, respectively.