| Deposits |
Deposits Deposits at June 30, 2026 and 2025 are summarized as follows: | | | | | | | | | | | | | | | | | | | | | | | | | June 30, | | 2026 | | 2025 | | Balance | | Weighted Average Interest Rate | | Balance | | Weighted Average Interest Rate | | (Dollars in Thousands) | | Non-interest-bearing demand | $ | 788,015 | | | 0.00 | % | | $ | 582,045 | | | 0.00 | % | | Interest-bearing demand | 2,214,432 | | | 2.49 | | | 2,362,222 | | | 2.62 | | | Savings | 766,502 | | | 1.26 | | | 754,376 | | | 1.34 | | | Certificates of deposits | 1,940,676 | | | 3.45 | | | 1,976,574 | | | 3.85 | | | Total deposits | $ | 5,709,625 | | | 2.31 | % | | $ | 5,675,217 | | | 2.61 | % |
Deposit balances at June 30, 2026 reflect a migration of $239.9 million from a consumer interest bearing product to a non-interest bearing product as part of the Company’s repricing strategy. Brokered deposits at June 30, 2026 and 2025 are summarized as follows: | | | | | | | | | | | | | | | | | | | | | | | | | June 30, | | 2026 | | 2025 | | Balance | | Weighted Average Interest Rate | | Balance | | Weighted Average Interest Rate | | (Dollars in Thousands) | | Certificates of deposits | $ | 757,249 | | | 3.87 | % | | $ | 757,654 | | | 4.29 | % | | Total brokered deposits | $ | 757,249 | | | 3.87 | % | | $ | 757,654 | | | 4.29 | % |
A summary of certificates of deposit by maturity at June 30, 2026 follows: | | | | | | | June 30, | | 2026 | | (In Thousands) | | One year or less | $ | 1,874,214 | | | After one year to two years | 41,402 | | | After two years to three years | 3,543 | | | After three years to four years | 7,554 | | | After four years to five years | 13,963 | | | After five years | — | | | Total certificates of deposit | $ | 1,940,676 | |
Certificates of deposit with balances of $250,000 or more at June 30, 2026 and 2025, totaled approximately $1.0 billion in each period, respectively. The Bank’s deposits are insurable to applicable limits by the FDIC.
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