Interest-Bearing Deposits

12 Months Ended

Dec. 31, 2018

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



	2018		2017
	(dollars in thousands)
Interest-bearing demand deposits	$	180,209	$	187,281
Savings deposits	3,401,354		3,361,840
Time deposits	850,216		614,813
Total interest-bearing deposits	$	4,431,779	$	4,163,934

Interest-bearing deposits at December 31, 2018 and 2017, include allocations from interest-bearing demand deposit accounts of $952.1 million and $919.1 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, 2018 and 2017, were certificates of deposit in denominations of $250 thousand or more of $140.2 million and $61.5 million, respectively.

Interest expense related to certificates of deposit in denominations of $250 thousand or greater amounted to $1.6 million in 2018, $0.5 million in 2017 and $0.5 million in 2016.

Included in time deposits at December 31, 2018, were certificates of deposit with the following scheduled maturities (dollars in thousands):



2019	$	509,206
2020	198,525
2021	111,012
2022	20,135
2023 and thereafter	11,338
Total	$	850,216