NOTE I—DEPOSITS

The book value of deposits consisted of the following:


(Dollars in thousands)	December 31
	2016		2015
Demand deposits	$	3,171,841	$	2,699,958
Interest-bearing checking		1,778,156		1,683,316
Regular savings		721,224		692,079
Money market accounts		3,151,896		2,368,063
Time deposits under $100,000		693,005		794,428
Time deposits over $100,000		1,280,745		1,103,683


Total deposits	$	10,796,867	$	9,341,527

Included in time deposits over $100,000 at December 31, 2016 and 2015 were time deposits of $250,000 or more of $357,468,000 and $386,484,000, respectively. Interest paid on deposits approximated $29,048,000, $28,447,000 and $26,925,000 in 2016, 2015 and 2014, respectively.

United’s subsidiary banks have received deposits, in the normal course of business, from the directors and officers of United and its subsidiaries, and their associates. Such related party deposits were accepted on substantially the same terms, including interest rates and maturities, as those prevailing at the time for comparable transactions with unrelated persons. The aggregate dollar amount of these deposits was $92,310,000 and $174,790,000 at December 31, 2016 and 2015, respectively.