DEPOSITS

The following is a summary of interest bearing deposits by type as of December 31, 2019 and 2018:



Dollars in thousands	2019		2018
Demand deposits, interest bearing	$	630,351	$	523,257
Savings deposits	418,096		284,173
Time deposits	604,237		605,276
Total	$	1,652,684	$	1,412,706

Included in time deposits are deposits acquired through a third party (“brokered deposits”) totaling $150.6 million and $220.5 million at December 31, 2019 and 2018, respectively.

A summary of the scheduled maturities for all time deposits as of December 31, 2019 is as follows:



Dollars in thousands	Amount
2020	$	336,485
2021	176,029
2022	44,678
2023	17,935
2024	10,661
Thereafter	18,449
Total	$	604,237

Time certificates of deposit in denominations of $100,000 or more totaled $387.8 million and $417.3 million at December 31, 2019 and 2018, 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, 2019:



Dollars in thousands	Amount		Percent
Three months or less	$	54,224	14.0	%
Three through six months	63,734		16.4	%
Six through twelve months	98,912		25.5	%
Over twelve months	170,979		44.1	%
Total	$	387,849	100.00	%

The aggregate amount of time deposits in denominations that meet or exceed the FDIC insurance limit of $250,000 totaled $198.1 million and $255.8 million at December 31, 2019 and 2018.

At December 31, 2019 and 2018, our deposits of related parties including directors, executive officers and their related interests approximated $31.2 million and $37.1 million.