Deposits

12 Months Ended

Dec. 31, 2019

The following table presents the composition of the Company’s deposits as of December 31, 2019 and 2018:




($ in thousands)	December 31,
($ in thousands)	2019		2018
Deposits:
Noninterest-bearing demand	$	11,080,036	$	11,377,009
Interest-bearing checking	5,200,755		4,584,447
Money market	8,711,964		8,262,677
Savings	2,117,196		2,146,429
Time deposits:
Less than $100,000	1,993,950		1,957,121
$100,000 or greater	8,220,358		7,111,945
Total deposits	$	37,324,259	$	35,439,628

The aggregate amount of domestic time deposits that meet or exceed the current Federal Deposit Insurance Corporation (“FDIC”) insurance limit of $250,000 was $5.44 billion and $4.45 billion as of December 31, 2019 and 2018, respectively. As of both December 31, 2019 and 2018, the aggregate amount of foreign office time deposits, including both Hong Kong and China that meet or exceed the current FDIC insurance limit of $250,000 was $1.19 billion.

As of December 31, 2019, $493.4 million of interest-bearing demand deposits and $1.21 billion of time deposits were held by the Company’s branch in Hong Kong and subsidiary bank in China. As of December 31, 2018, $621.3 million of interest-bearing demand deposits and $1.21 billion of time deposits were held by the Company’s branch in Hong Kong and subsidiary bank in China.

The following table presents the scheduled maturities of time deposits for the five years succeeding December 31, 2019 and thereafter:




($ in thousands)	Amount
2020	$	9,653,276
2021	428,971
2022	59,324
2023	36,633
2024	7,024
Thereafter	29,080
Total	$	10,214,308