NOTE 14 – Bank Deposits

Deposits consist of money market and savings accounts, certificates of deposit, and demand deposits. Deposits at September 30, 2015 and December 31, 2014 were as follows (in thousands):

	September 30, 2015		December 31, 2014
Money market and savings accounts	$	4,021,029	$	4,600,757
Demand deposits (interest-bearing)		58,399		101,652
Certificates of deposit		24,198		77,197
Demand deposits (non-interest-bearing)		13,185		10,475
	$	4,116,811	$	4,790,081

The weighted-average interest rate on deposits was 0.17% and 0.19% at September 30, 2015 and December 31, 2014, respectively.

Scheduled maturities of certificates of deposit at September 30, 2015 and December 31, 2014 were as follows (in thousands):

	September 30, 2015		December 31, 2014
Certificates of deposit, less than $100:
Within one year	$	7,597	$	26,769
One to three years		2,614		6,874
Three to five years		332		1,268
Over five years		—		—
	$	10,543	$	34,911
Certificates of deposit, $100 and greater:
Within one year	$	11,139	$	33,784
One to three years		1,733		7,520
Three to five years		783		723
Over five years		—		259
		13,655		42,286
	$	24,198	$	77,197

At September 30, 2015 and December 31, 2014, the amount of deposits includes related party deposits, primarily brokerage customers’ deposits from Stifel of $4.1 billion and $4.7 billion, respectively, and interest-bearing and time deposits of executive officers, directors, and their affiliates of $0.2 million and $0.3 million, respectively.