Bank Deposits

12 Months Ended

Dec. 31, 2020

Deposits Liabilities Balance Sheet Reported Amounts [Abstract]

Bank Deposits

NOTE 13 – Bank Deposits

Deposits consist of interest-bearing-demand deposits (primarily money market and savings accounts), non-interest-bearing demand deposits, and certificates of deposit. Deposits at December 31, 2020 and 2019, were as follows (in thousands):

	December 31,
	2020		2019
Demand deposits (interest-bearing)	$	16,886,953	$	14,643,966
Demand deposits (non-interest-bearing)		411,890		165,657
Certificates of deposit		97,654		522,958
	$	17,396,497	$	15,332,581

The weighted-average interest rate on deposits was 0.09% and 0.64% at December 31, 2020 and 2019, respectively.

Scheduled maturities of certificates of deposit at December 31, 2020 and 2019, were as follows (in thousands):

	December 31,
	2020		2019
Certificates of deposit, less than $100,000:
Within one year	$	2,719	$	5,305
One to three years		409		360
Three to five years		254		13
	$	3,382	$	5,678
Certificates of deposit, $100,000 and greater:
Within one year	$	63,650	$	441,341
One to three years		30,622		68,855
Three to five years		—		7,084
		94,272		517,280
	$	97,654	$	522,958

At December 31, 2020 and 2019, the amount of deposits includes related party deposits, primarily interest-bearing and time deposits of $6.7 million and $6.7 million, respectively. Brokerage customers’ deposits were $16.0 billion and $13.9 billion, respectively.