Deposits

12 Months Ended

Dec. 31, 2022

Deposits [Abstract]

Deposits

Deposits

Deposit balances at December 31, 2022 and 2021 are shown in the table below:

	December 31,
	2022		2021
Noninterest-bearing demand deposits	$	2,993,243	3,099,526
Interest-bearing demand deposits	2,686,431		2,940,442
Money market deposit accounts	2,457,569		2,629,882
Savings deposits	2,275,020		2,303,760
Time deposits	1,052,285		1,327,555
Total deposits	$	11,464,548	12,301,165

The aggregate amount of time deposits with a minimum denomination of $100,000 at December 31, 2022 and 2021 was $355.0 million and $439.5 million, respectively. 

Generally, deposits in excess of $250,000 are not federally insured. At December 31, 2022 and 2021, we had $4.031 billion and $4.194 billion of deposits in accounts exceeding $250,000, respectively.

The following table summarizes the contractual maturity of time deposits at December 31, 2022 and 2021:     

	December 31,
	2022		2021
Due within 12 months	$	754,564	890,101
Due between 12 and 24 months	186,803		288,284
Due between 24 and 36 months	46,500		80,251
Due between 36 and 48 months	26,734		33,843
Due between 48 and 60 months	33,691		29,692
After 60 months	3,993		5,384
Total time deposits	$	1,052,285	1,327,555

The following table summarizes the interest expense incurred on the respective deposits for the years ended December 31, 2022, 2021 and 2020:                                                     

	Years ended December 31,
	2022		2021	2020
Interest-bearing demand deposits	$	1,517	1,660	3,358
Money market deposit accounts	3,381		2,597	7,021
Savings deposits	2,339		2,413	2,614
Time deposits	6,883		12,452	22,903
Total interest expense on deposits	$	14,120	19,122	35,896