DEPOSITS

12 Months Ended

Dec. 31, 2023

Deposits [Abstract]

DEPOSITS

11. DEPOSITS

Deposits are summarized as follows:

	Year Ended December 31,
	2023				2022
	Weighted				Weighted
	Average				Average
(Dollars in thousands)	Rate		Liability		Rate		Liability
Savings (1)	3.67	%	$	2,335,490	2.24	%	$	2,260,101
CDs	4.43			1,607,683	2.25			1,115,364
Money market	3.46			3,125,996	1.50			2,532,270
Interest-bearing checking	0.77			515,987	1.01			827,454
Non-interest-bearing checking (1)	—			2,945,499	—			3,519,218
Total	2.56	%	$	10,530,655	1.19	%	$	10,254,407

(1) Includes mortgage escrow deposits.

The following table presents a summary of scheduled maturities of CDs outstanding at December 31, 2023:

	Maturing		Weighted Average
(Dollars in thousands)	Balance		Interest Rate
2024	$	1,489,735	4.60	%
2025		81,297	2.52
2026		25,742	2.26
2027		7,527	0.18
2028		3,382	0.05
2029 and beyond		—	—
Total	$	1,607,683	4.43	%

CDs that met or exceeded the Federal Deposit Insurance Corporation (“FDIC”) insurance limit of $250 thousand were $115.3 million and $129.6 million at December 31, 2023 and 2022, respectively.