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DEPOSITS
 12 Months Ended
Dec. 31, 2020
Deposits [Abstract]  
DEPOSITS DEPOSITS
Deposits in the accompanying consolidated balance sheets are classified as follows (in thousands):
 December 31, 2020December 31, 2019
Noninterest bearing demand deposits:  
Private accounts$1,309,380 $1,002,864 
Public accounts45,435 37,248 
Total noninterest bearing demand deposits1,354,815 1,040,112 
Interest bearing deposits:  
Private accounts:  
Savings accounts495,641 384,625 
Money market demand accounts429,687 407,461 
Platinum money market accounts381,877 353,374 
Interest bearing checking accounts835,489 699,681 
NOW demand accounts17,377 22,005 
CDs of $250,000 or more77,819 91,836 
CDs under $250,000474,503 790,053 
Total private accounts2,712,393 2,749,035 
Public accounts:  
Savings accounts347 337 
Money market demand accounts19,080 18,377 
Platinum money market accounts321,601 266,957 
Interest bearing checking accounts81,673 57,368 
NOW demand accounts203,638 158,804 
CDs of $250,000 or more227,201 368,351 
CDs under $250,00011,574 43,428 
Total public accounts865,114 913,622 
Total interest bearing deposits3,577,507 3,662,657 
Total deposits$4,932,322 $4,702,769 
For the years ended December 31, 2020, 2019 and 2018, interest expense on CDs of $250,000 or more was $7.4 million, $7.6 million and $8.5 million, respectively.
At December 31, 2020, the scheduled maturities of CDs, including public accounts, were as follows (in thousands):
2021$651,898 
202288,465 
202325,784 
202410,307 
202514,525 
2026 and thereafter118 
$791,097 
At December 31, 2020, we had $102.8 million in brokered CDs that represented 2.1% of our deposits.  Our brokered CDs had a weighted average cost of 18 basis points with maturities of less than two years. These brokered CDs are reflected in the CDs under $250,000 category.  At December 31, 2019, we had $365.7 million in brokered CDs.  We utilized brokered CDs, because they better matched overall ALCO objectives at the time of issuance. Our current policy allows for a maximum of $450 million in brokered CDs.
At December 31, 2020 and 2019, we had approximately $10.4 million and $9.9 million, respectively, in deposits from related parties, including directors and named executive officers.
The aggregate amount of demand deposit overdrafts that have been reclassified as loans were $933,000 and $1.7 million at December 31, 2020 and 2019, respectively.