Deposits

12 Months Ended

Dec. 31, 2019

Interest expense on deposits is summarized as follows (in thousands):



	Year Ended December 31,
	2019		2018		2017
Transaction deposits	$	132,854	$	65,859	$	28,627
Savings	677		439		359
Time:
Certificates of deposits under $100,000	8,299		5,751		7,702
Certificates of deposits $100,000 and over	29,288		19,739		12,393
Other time deposits	4,420		3,729		4,722
Total time	42,007		29,219		24,817
Total	$	175,538	$	95,517	$	53,803

The aggregate amounts of time deposits in denominations of $250,000 or more at December 31, 2019 and 2018 were $845 million and $756 million, respectively.

Time deposit maturities are as follows: 2020 – $1.5 billion, 2021 – $230 million, 2022 – $104 million, 2023 – $103 million, 2024 – $55 million and $228 million thereafter.

The aggregate amount of overdrawn customer transaction deposits that have been reclassified as loan balances was $8.7 million at December 31, 2019 and $27 million at December 31, 2018.