v3.25.1
Deposits (Tables)
 3 Months Ended
Mar. 31, 2025
Banking and Thrift, Other Disclosure [Abstract]  
Schedule of Deposits
Deposits as of March 31, 2025 and December 31, 2024 are summarized as follows (in thousands):
March 31, 2025December 31, 2024
Savings$1,670,920 1,679,667 
Money market3,342,546 3,364,564 
NOW (1)
6,479,797 6,622,642 
Non-interest bearing3,789,846 3,788,785 
Certificates of deposit (2)
3,165,754 3,168,155 
Total deposits$18,448,863 18,623,813 
(1) Our insured cash sweep product totaled $1.14 billion and $1.16 billion as of March 31, 2025 and December 31, 2024, respectively, and are located within NOW accounts.
(2) Time deposits equal to or in excess of $250,000, were $767.6 million and $789.0 million as of March 31, 2025 and December 31, 2024, respectively. Additionally, our reciprocal Certificate of Deposit Account Registry Service product as of March 31, 2025 and December 31, 2024 totaled $3.5 million.