Deposits

6 Months Ended

Jun. 30, 2020

Deposits and their respective weighted average interest rate at June 30, 2020 and December 31, 2019 consisted of the following:


	At June 30, 2020						At December 31, 2019
	Weighted Average Interest Rate		Amount		Weighted Average Interest Rate		Amount
	(Dollars in thousands)
Noninterest-bearing deposits	—	%	$	1,725,819	—	%	$	1,279,681
Demand deposits	0.21		1,719,052		0.96		1,677,682
Savings deposits	0.17		903,973		0.37		796,702
Time deposits	1.74		520,485		1.95		606,010
Total	0.29	%	$	4,869,329	0.71	%	$	4,360,075

The aggregate amount of time deposits in denominations of $100 thousand or more was $223.9 million at June 30, 2020 and $293.2 million at December 31, 2019. Deposits are insured up to applicable limits by the Deposit Insurance Fund of the FDIC. Deposit insurance per account owner is currently up to $250 thousand. The aggregate amount of time deposits in denominations over $250 thousand was $91.6 million at June 30, 2020 and $143.0 million at December 31, 2019.

At June 30, 2020, the scheduled maturities of time deposits are as follows:


Year	(Dollars in thousands)	Amount
Remainder of 2020		$	185,189
2021		146,772
2022		68,015
2023		92,287
2024		23,274
Thereafter		4,948
Total		$	520,485