Deposits

12 Months Ended

Dec. 31, 2021

Deposits

Deposits

Note 8:     Deposits

Deposits at December 31, 2021 and 2020, are summarized as follows:

	Weighted Average
	Interest Rate	2021		2020
		(In Thousands, Except Interest Rates)
Noninterest-bearing accounts	—	$	1,209,822	$	984,798
Interest-bearing checking and savings accounts	0.12% and 0.22%		2,381,210		2,141,313
			3,591,032		3,126,111
Certificate accounts	0% - 0.99%		825,217		803,737
	1% - 1.99%		73,563		425,061
	2% - 2.99%		55,509		143,417
	3% - 3.99%		6,780		18,148
	4% and above		—		429
			961,069		1,390,792
		$	4,552,101	$	4,516,903

The weighted average interest rate on certificates of deposit was 0.60% and 1.00% at December 31, 2021 and 2020, respectively.

The aggregate amount of certificates of deposit originated by the Bank in denominations greater than $250,000 was approximately $88.0 million and $123.1 million at December 31, 2021 and 2020, respectively. The Bank utilizes brokered deposits as an additional funding source. The aggregate amount of brokered deposits was approximately $67.4 million and $158.7 million at December 31, 2021 and 2020, respectively.

At December 31, 2021, scheduled maturities of certificates of deposit were as follows:

	Retail		Brokered		Total
	(In Thousands)
2022	$	751,184	$	13,751	$	764,935
2023		103,333		42,448		145,781
2024		21,217		11,200		32,417
2025		13,571		—		13,571
2026		3,414		—		3,414
Thereafter		951		—		951
	$	893,670	$	67,399	$	961,069

A summary of interest expense on deposits for the years ended December 31, 2021, 2020 and 2019, is as follows:

	2021		2020		2019
	(In Thousands)
Checking and savings accounts	$	4,023	$	7,096	$	7,971
Certificate accounts		9,139		25,453		37,723
Early withdrawal penalties		(60)		(118)		(124)
	$	13,102	$	32,431	$	45,570