v3.26.3
Deposits
 9 Months Ended
Sep. 30, 2026
Banking and Thrift, Other Disclosure [Abstract]  
Deposits Deposits
The following table summarizes total deposits at September 30, 2026 and December 31, 2025.

September 30,December 31,
(Dollars in thousands)20262025
Deposits - interest-bearing$20,759,720 $21,059,967 
Deposits - non-interest-bearing1,185 184 
Total deposits$20,760,905 $21,060,151 
Our total deposits of $20.8 billion were comprised of $9.3 billion in brokered deposits and $11.5 billion in retail and other deposits at September 30, 2026, compared to total deposits of $21.1 billion, which were comprised of $8.8 billion in brokered deposits and $12.3 billion in retail and other deposits, at December 31, 2025.
Interest-bearing deposits as of September 30, 2026 and December 31, 2025 consisted of retail and brokered non-maturity savings deposits, retail and brokered non-maturity money market deposits (“MMDAs”), and retail and brokered certificates of deposit (“CDs”). Interest-bearing deposits also include deposits from Educational 529 and Health Savings plans that diversify our funding sources and that we consider to be core. These and other large omnibus accounts, aggregating the deposits of many individual depositors, represented $6.5 billion and $7.6 billion of our deposit total as of September 30, 2026 and December 31, 2025, respectively. The omnibus accounts are structured in such a way that entitles the individual depositor pass-through deposit insurance (subject to Federal Deposit Insurance Corporation (“FDIC”) rules and limitations), and the majority of these deposits have contractual minimum balances and maturity terms.
Some of our deposit products are serviced by third-party providers. Placement fees associated with the brokered CDs are amortized into interest expense using the effective interest rate method. We recognized placement fee expense of $2 million in both the three months ended September 30, 2026 and 2025, and placement fee expense of $6 million in both the nine months ended September 30, 2026 and 2025. There were $9 million fees paid to third-party brokers related to brokered CDs for the three months ended September 30, 2026 and $14 million in fees paid to third-party brokers related to brokered CDs for the nine months ended September 30, 2026. There were $4 million in fees paid to third-party brokers related to brokered CDs for both the three and nine months ended September 30, 2025.
Interest bearing deposits at September 30, 2026 and December 31, 2025 are summarized as follows:
 
September 30, 2026December 31, 2025
(Dollars in thousands)Amount
Qtr.-End
Weighted
Average
Stated Rate(1)
Amount
Year-End
Weighted
Average
Stated Rate(1)
Money market$8,676,240 3.96 %$10,004,845 3.83 %
Savings1,669,969 3.67 1,177,177 3.83 
Certificates of deposit10,413,511 4.13 9,877,945 3.87 
Deposits - interest bearing$20,759,720 $21,059,967 
    (1) Includes the effect of interest rate swaps in effective hedge relationships.
Certificates of deposit remaining maturities are summarized as follows:

(Dollars in thousands)		September 30, 2026December 31, 2025
One year or less$4,394,579 $5,709,977 
After one to two years1,795,144 1,841,311 
After two to three years1,556,931 710,978 
After three to four years717,300 723,186 
After four to five years1,690,590 892,492 
After five years258,967 1 
Total$10,413,511 $9,877,945 
As of September 30, 2026 and December 31, 2025, certificates of deposits included $1.3 billion and $1.2 billion, respectively, of those in denominations that met or exceeded FDIC insurance limits. Accrued interest on deposits was $56 million and $71 million at September 30, 2026 and December 31, 2025, respectively.