Bank Deposits

12 Months Ended

Dec. 31, 2018

Deposits Liabilities Balance Sheet Reported Amounts [Abstract]

Bank Deposits

NOTE 13 – Bank Deposits

Deposits consist of money market and savings accounts, certificates of deposit, and demand deposits. Deposits at December 31, 2018 and 2017 were as follows (in thousands):

	December 31,
	2018		2017
Money market and savings accounts	$	13,609,612	$	13,219,675
Certificates of deposit		1,763,336		1,575
Demand deposits (interest-bearing)		392,765		184,829
Demand deposits (non-interest-bearing)		97,900		5,856
	$	15,863,613	$	13,411,935

The weighted-average interest rate on deposits was 0.60% and 0.10% at December 31, 2018 and 2017, respectively.

Scheduled maturities of certificates of deposit at December 31, 2018 and 2017 were as follows (in thousands):

	December 31,
	2018		2017
Certificates of deposit, less than $100,000:
Within one year	$	27,440	$	438
One to three years		38,550		148
Three to five years		15,511		—
	$	81,501	$	586
Certificates of deposit, $100,000 and greater:
Within one year	$	1,513,202	$	651
One to three years		157,232		338
Three to five years		11,401		—
		1,681,835		989
	$	1,763,336	$	1,575

At December 31, 2018 and 2017, the amount of deposits includes related party deposits, primarily brokerage customers’ deposits from Stifel of $15.2 billion and $13.4 billion, respectively, and interest-bearing and time deposits of executive officers, directors, and their affiliates of $6.5 million and $0.2 million, respectively.