v3.21.1
Deposits
3 Months Ended
Mar. 31, 2021
Deposits [Abstract]  
Deposits Deposits
The following table presents the composition of our deposits as of the dates indicated:
(in thousands)March 31, 2021December 31, 2020
Noninterest bearing deposits$958,526 $910,655 
Interest checking deposits1,406,070 1,351,641 
Money market deposits950,300 918,654 
Savings deposits580,862 529,751 
Time deposits under $250558,338 581,471 
Time deposits of $250 or more340,467 254,877 
Total deposits
$4,794,563 $4,547,049 
The Company had $6.2 million and $7.8 million in reciprocal time deposits through the CDARS program as of March 31, 2021 and December 31, 2020, respectively. Included in interest-bearing checking and money market deposits at March 31, 2021 and December 31, 2020 were $17.2 million and $14.8 million, respectively, of reciprocal deposits in the ICS program. The CDARS and ICS programs coordinate, on a reciprocal basis, a network of banks to spread deposits exceeding the FDIC insurance coverage limits out to numerous institutions in order to provide insurance coverage for all participating deposits.

As of March 31, 2021 and December 31, 2020, the Company had public entity deposits that were collateralized by investment securities of $244.9 million and $156.7 million, respectively.