Interest-Bearing Deposits

12 Months Ended

Dec. 31, 2016

Components of interest-bearing deposits at December 31 were as follows:



	2016		2015
	(dollars in thousands)
Interest-bearing demand deposits	$	114,043	$	86,365
Savings deposits	2,972,747		2,390,607
Time deposits	591,832		602,233
Total interest-bearing deposits	$	3,678,622	$	3,079,205

Interest-bearing deposits at December 31, 2016 and 2015, include allocations from interest-bearing demand deposit accounts of $779.2 million and $580.8 million, respectively, into savings which includes money market accounts. These reallocations are based on a formula and have been made to reduce First Commonwealth’s reserve requirement in compliance with regulatory guidelines.

Included in time deposits at December 31, 2016 and 2015, were certificates of deposit in denominations of $100 thousand or more of $145.4 million and $157.7 million, respectively.

Interest expense related to certificates of deposit in denominations of $100 thousand or greater amounted to $1.2 million in 2016, $1.8 million in 2015 and $3.7 million in 2014.

Included in time deposits at December 31, 2016, were certificates of deposit with the following scheduled maturities (dollars in thousands):



2017	$	319,298
2018	133,754
2019	66,121
2020	33,859
2021 and thereafter	38,800
Total	$	591,832