Deposits

12 Months Ended

Dec. 31, 2020

Deposits [Abstract]

Deposits

(11.) DEPOSITS

A summary of deposits as of December 31 are as follows (in thousands):

	2020		2019
Noninterest-bearing demand	$	1,018,549	$	707,752
Interest-bearing demand		731,885		627,842
Savings and money market		1,642,340		1,039,892
Time deposits, due:
Within one year		841,581		1,099,488
One to two years		30,847		60,868
Two to three years		5,186		14,869
Three to four years		5,417		3,251
Four to five years		2,562		1,708
Thereafter		-		5
Total time deposits		885,593		1,180,189
Total deposits	$	4,278,367	$	3,555,675

Time deposits in denominations of $250,000 or more at December 31, 2020 and 2019 amounted to $200.7 million and $287.0 million, respectively.

Interest expense by deposit type for the years ended December 31 is summarized as follows (in thousands):

	2020		2019		2018
Interest-bearing demand	$	1,091	$	1,372	$	1,067
Savings and money market		4,788		4,365		2,887
Time deposits		11,943		22,757		15,101
Total interest expense on deposits	$	17,822	$	28,494	$	19,055