Deposits

12 Months Ended

Dec. 31, 2020

Financial Services, Banking and Thrift [Abstract]

Deposits

DEPOSITS (Note 9)

Included in time deposits are certificates of deposit over $250 thousand totaling $1.4 billion and $1.7 billion at December 31, 2020 and 2019, respectively. Interest expense on time deposits of $250 thousand or more totaled approximately $4.5 million, $5.8 million and $6.6 million in 2020, 2019 and 2018, respectively.

The scheduled maturities of time deposits as of December 31, 2020 were as follows: 

Year	Amount
	(in thousands)
2021	$	5,877,581
2022	502,743
2023	167,077
2024	59,719
2025	38,229
Thereafter	69,329
Total time deposits	$	6,714,678

Deposits from certain directors, executive officers and their affiliates totaled $97.3 million and $67.1 million at December 31, 2020 and 2019, respectively.