DEPOSITS

The following is a summary of interest bearing deposits by type as of December 31, 2016 and 2015:



Dollars in thousands	2016		2015
Demand deposits, interest bearing	$	262,591	$	215,721
Savings deposits	337,348		266,825
Time deposits	545,843		465,153
Total	$	1,145,782	$	947,699

Included in time deposits are deposits acquired through a third party (“brokered deposits”) totaling $205.7 million and $126.5 million at December 31, 2016 and 2015, respectively.

A summary of the scheduled maturities for all time deposits as of December 31, 2016 is as follows:



Dollars in thousands	Amount
2017	$	268,023
2018	107,333
2019	60,416
2020	46,405
2021	36,137
Thereafter	27,529
Total	$	545,843

Time certificates of deposit in denominations of $100,000 or more totaled $413.1 million and $342.7 million at December 31, 2016 and 2015, respectively. The following is a summary of the maturity distribution of all certificates of deposit in denominations of $100,000 or more as of December 31, 2016:



Dollars in thousands	Amount		Percent
Three months or less	$	45,912	11.1	%
Three through six months	75,066		18.2	%
Six through twelve months	83,255		20.2	%
Over twelve months	208,821		50.5	%
Total	$	413,054	100.00	%

The aggregate amount of time deposits in denominations that meet or exceed the FDIC insurance limit totaled $235.1 million at December 31, 2016.

At December 31, 2016 and 2015, our deposits of related parties including directors, executive officers and their related interests approximated $14.7 million and $21.2 million, respectively.