v3.26.1
DEPOSITS
 6 Months Ended
Jun. 30, 2026
Statistical Disclosure for Banks [Abstract]  
DEPOSITS DEPOSITS
Deposits are summarized as follows:
June 30, 2026December 31, 2025
AmountWeighted Average RateAmountWeighted Average Rate
(In thousands)
Non-interest-bearing demand deposit accounts$3,286,325 0.00 %$3,234,418 0.00 %
NOW accounts183,532 0.41 %184,635 0.40 %
Money market deposit accounts4,428,188 2.58 %4,000,096 2.47 %
Savings accounts322,508 1.00 %326,895 1.01 %
Time deposits237,861 2.90 %203,197 3.14 %
Total deposits$8,458,414 1.48 %$7,949,241 1.37 %

The scheduled maturities of time deposits as of June 30, 2026 are as follows:
(In thousands)Balance
2026$145,826 
202785,939 
20283,515 
20292,027 
2030368 
Thereafter186 
Total
$237,861 
Time deposits greater than $250,000 totaled $57.9 million as of June 30, 2026 and $51.7 million as of December 31, 2025.
From time to time the Company will issue time deposits through the Certificate of Deposit Account Registry Service (“CDARS”) for the purpose of providing Federal Deposit Insurance Corporation ("FDIC") insurance to bank customers with balances in excess of FDIC insurance limits. CDARS deposits totaled approximately $85.5 million and $61.2 million as of June 30, 2026 and December 31, 2025, respectively, and are included in Time deposits above.
Our total deposits included deposits from Workers United and its related entities, a related party, in the amounts of $154.3 million as of June 30, 2026 and $98.0 million as of December 31, 2025.
Included in total deposits are state and municipal deposits totaling $80.8 million and $104.2 million as of June 30, 2026 and December 31, 2025, respectively. Such deposits are secured by letters of credit issued by the FHLBNY or by securities pledged with the FHLBNY.