(6) Deposits

Interest expense on deposits was as follows:

(dollars in thousands)	For the year ended December 31,
	2015		2014		2013
Interest bearing
checking accounts	$	448		365		329
Savings accounts		2,468		2,662		3,333
Time deposits and
money market accounts		12,067		11,064		10,138
Total	$	14,983		14,091		13,800

At December 31, 2015, the maturity of total time deposits is as follows:

(dollars in thousands)
Under 1 year	$	778,133
1 to 2 years		290,246
2 to 3 years		20,302
3 to 4 years		16,187
4 to 5 years		2,851
Over 5 years		211
	$	1,107,930

Included in total time deposits as of December 31, 2015 and 2014 is $ 98.7 million and $85.3 million in time deposits with balances in excess of $250,000.