NOTE 11 – Bank Deposits

Deposits consist of money market and savings accounts, certificates of deposit, and demand deposits. Deposits at September 30, 2016 and December 31, 2015 were as follows (in thousands):

	September 30, 2016		December 31, 2015
Money market and savings accounts	$	9,804,434	$	6,429,780
Demand deposits (interest-bearing)		69,068		185,275
Certificates of deposit		4,963		15,087
Demand deposits (non-interest-bearing)		6,976		8,214
	$	9,885,441	$	6,638,356

The weighted-average interest rate on deposits was 0.19% and 0.17% at September 30, 2016 and December 31, 2015, respectively.

Scheduled maturities of certificates of deposit at September 30, 2016 and December 31, 2015 were as follows (in thousands):

	September 30, 2016		December 31, 2015
Certificates of deposit, less than $100:
Within one year	$	1,674	$	4,863
One to three years		969		2,356
Three to five years		—		145
Over five years		—		—
	$	2,643	$	7,364
Certificates of deposit, $100 and greater:
Within one year	$	1,372	$	5,464
One to three years		647		1,975
Three to five years		301		284
Over five years		—		—
		2,320		7,723
	$	4,963	$	15,087

At September 30, 2016 and December 31, 2015, the amount of deposits includes related party deposits, primarily brokerage customers’ deposits from Stifel of $9.9 billion and $6.6 billion, respectively, and interest-bearing and time deposits of executive officers, directors, and their affiliates of $0.2 million and $0.3 million, respectively.