Deposits

12 Months Ended

Dec. 31, 2023

(10.) DEPOSITS

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


	2023		2022
Noninterest-bearing demand	$	1,010,614	$	1,139,214
Interest-bearing demand		713,158		863,822
Savings and money market		2,084,444		1,643,516
Time deposits, due:
Within one year		1,310,495		1,238,202
One to two years		79,684		35,046
Two to three years		12,391		4,952
Three to four years		1,634		3,386
Four to five years		492		1,286
Thereafter		-		-
Total time deposits		1,404,696		1,282,872
Total deposits	$	5,212,912	$	4,929,424

As of December 31, 2023 and 2022, the aggregate amount of uninsured deposits (deposits in amounts greater than $250 thousand, which is the maximum amount for federal deposit insurance) was $1.82 billion, or 35% of total deposits, and $1.29 billion, or 26% of total deposits, respectively. The portion of time deposits by account that were in excess of the FDIC insurance limit at December 31, 2023 and 2022 amounted to $302.6 million and $258.7 million, respectively.

As of December 31, 2023 and 2022, respectively, $206.8 million and $207.2 million of interest-bearing demand deposits and $50.0 million and $140.0 million of time deposits are brokered deposit accounts.

(10.) DEPOSITS (Continued)

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


	2023		2022		2021
Interest-bearing demand	$	7,127	$	2,180	$	1,156
Savings and money market		41,424		9,778		3,363
Time deposits		58,810		11,036		3,599
Total interest expense on deposits	$	107,361	$	22,994	$	8,118

Interest expense included in the table above attributable to brokered deposits was $20.2 million, $5.1 million and $588 thousand for the years ended December 31, 2023, 2022 and 2021, respectively.