DEPOSITS

3 Months Ended

Mar. 31, 2024

DEPOSITS

DEPOSITS

NOTE 10: DEPOSITS

	Weighted Average	March 31,		December 31,
	Interest Rate	2024		2023
		(In Thousands, Except Interest Rates)
Non-interest-bearing accounts	—	$	876,672	$	895,496
Interest-bearing checking and savings accounts	1.77% and 1.67%		2,295,736		2,216,482
			3,172,408		3,111,978
Certificate accounts	0.00% - 0.99%		73,436		86,831
	1.00% - 1.99%		18,282		22,485
	2.00% - 2.99%		9,823		44,354
	3.00% - 3.99%		22,708		46,304
	4.00% - 4.99%		786,223		739,645
	5.00% and above		5,037		8,583
			915,509		948,202
Brokered deposits	5.12% and 5.20%		685,480		661,528
			685,480		661,528
		$	4,773,397	$	4,721,708

The Bank utilizes brokered deposits as an additional funding source. The aggregate amount of brokered deposits was approximately $685.5 million and $661.5 million at March 31, 2024 and December 31, 2023, respectively. At March 31, 2024 and December 31, 2023, brokered deposits included $300.0 million of purchased funds through the IntraFi Financial network. These IntraFi Financial deposits have a rate of interest that floats daily with an index of effective federal funds rate plus a spread. At March 31, 2024, there were brokered deposits totaling $185.3 million that had fixed rates of interest but were callable at the Bank’s discretion. At March 31, 2024, approximately 32% of the Company’s total deposits were uninsured, when including deposit accounts of consolidated subsidiaries of the Company and collateralized deposits of unaffiliated entities. Excluding deposit accounts of the Company’s consolidated subsidiaries; approximately 15% of the Company’s total deposits were uninsured at March 31, 2024.