DEPOSITS

A summary of deposits at December 31, 2015 and 2014 is as follows (in thousands):



	2015		2014
Non-interest-bearing demand deposits	$	402,236	$	366,298
Interest-bearing demand deposits	130,573		110,819
Insured money market accounts	497,658		392,871
Savings deposits	203,749		198,183
Time deposits	166,079		211,843
Total	$	1,400,295	$	1,280,014

Scheduled maturities of time deposits at December 31, 2015, are summarized as follows (in thousands):



Year	Maturities
2016	$	115,129
2017	31,181
2018	7,223
2019	5,527
2020	5,394
2021	1,625
Total	$	166,079

Time deposits that meet or exceed the FDIC Insurance limit of $250 thousand at December 31, 2015 and 2014 were $20.6 million and $42.8 million, respectively.

Time deposits include certificates of deposit in denominations of $100 thousand or more aggregating $52.5 million and $80.5 million at December 31, 2015 and 2014, respectively. Interest expense on such certificates was $0.3 million, $0.5 million and $0.8 million for 2015, 2014 and 2013, respectively.

Maturities of time deposits in denominations of $100 thousand or more outstanding at December 31, 2015 are summarized as follows (in thousands):



3 months or less	$	9,246
Over 3 through 6 months	11,332
Over 6 through 12 months	16,541
Over 12 months	15,427
Total	$	52,546