DEPOSITS

12 Months Ended

Dec. 31, 2020

At December 31, 2020, the scheduled maturities of time certificates of deposit were as follows, in thousands:


2021	$	999,121
2022	171,429
2023	51,185
2024	23,071
2025	16,243
Thereafter	10,342
	$	1,271,391

The aggregate amount of time certificates of deposit in denominations of $100,000 or more as of December 31, 2020, and December 31, 2019, were $774.2 million and $695.8 million, respectively. The aggregate amount of time certificates of deposit in denominations of $250,000 or more as of December 31, 2020, and December 31, 2019 were $423.3 million and $329.1 million, respectively.

Interest expense on deposits for the years ended December 31, 2020, 2019, and 2018, was as follows, in thousands:


	2020		2019		2018
Savings and money market accounts	$	16,560	$	47,069	$	25,123
Time certificates of deposit in denominations of $100,000 or more	8,244		9,344		4,789
Other time deposits	5,483		7,321		5,755
Interest expense on deposits	$	30,287	$	63,734	$	35,667