As of December 31, 2023 and 2022, deposits consisted of the following (in thousands):


	2023		2022
Demand deposits:
Non-interest bearing	$	1,398,234	$	1,256,514
Interest-bearing		1,837,296		1,389,283
Savings		710,586		636,699
Money market		1,129,950		1,267,726
Time deposits		1,047,593		706,779
Total deposits	$	6,123,659	$	5,257,001

Total interest expense on deposits for the years ended December 31, 2023, 2022, and 2021 was as follows (in thousands):


	2023		2022		2021
Interest-bearing demand	$	21,347	$	4,315	$	1,547
Savings		739		570		487
Money market		26,592		9,394		2,711
Time deposits		28,616		4,534		4,292
Total	$	77,294	$	18,813	$	9,037

As of December 31, 2023, 2022, and 2021, the aggregate amount of time deposits in denominations of more than $250,000 was as follows (in thousands):


	2023		2022		2021
Time deposit balances in denominations of more than $250,000	$	282,028	$	138,056	$	117,887

The following table shows the amount of maturities for all time deposits as of December 31, 2023 (in thousands):


Less than 1 year	$	872,385
1 year to 2 years		93,316
2 years to 3 years		24,669
3 years to 4 years		46,962
4 years to 5 years		9,916
Over 5 years		345
Total	$	1,047,593

In 2023 the Company maintained account relationships with various public entities throughout its market areas. These public entities had total balances of approximately $381.3 million and $319.4 million in various checking accounts and time deposits as of December 31, 2023 and 2022, respectively. These balances are subject to change depending upon the cash flow needs of the public entity.