Deposits

12 Months Ended

Dec. 31, 2021

Deposits [Abstract]

Deposits

.) DEPOSITS

A summary of deposits as of December 31 are as follows (in thousands):

	2021		2020
Noninterest-bearing demand	$	1,107,561	$	1,018,549
Interest-bearing demand		864,528		731,885
Savings and money market		1,933,047		1,642,340
Time deposits, due:
Within one year		880,892		841,581
One to two years		23,572		30,847
Two to three years		9,881		5,186
Three to four years		6,485		5,417
Four to five years		1,124		2,562
Thereafter		-		-
Total time deposits		921,954		885,593
Total deposits	$	4,827,090	$	4,278,367

Time deposits in denominations of $250,000 or more at December 31, 2021 and 2020 amounted to $220.8 million and $200.7 million, respectively.

Interest expense by deposit type for the years ended December 31 is summarized as follows (in thousands):

	2021		2020		2019
Interest-bearing demand	$	1,156	$	1,091	$	1,372
Savings and money market		3,363		4,788		4,365
Time deposits		3,599		11,943		22,757
Total interest expense on deposits	$	8,118	$	17,822	$	28,494