10. Deposits

The major components of interest-bearing and noninterest-bearing deposits at March 31, 2020 and December 31, 2019 are summarized as follows:


At the period end	March 31, 2020		December 31, 2019
Interest-bearing deposits:
Money market accounts	$	360,881	$	365,463
Now accounts		408,994		402,999
Savings accounts		379,252		370,270
Time deposits less than $250		281,552		231,450
Time deposits $250 or more		112,001		138,069
Total interest-bearing deposits		1,542,680		1,508,251
Noninterest-bearing deposits		467,315		463,238
Total deposits	$	2,009,995	$	1,971,489

For the three months ended March 31, 2020, total deposits increased $38,506 or 7.9% annualized, to $2,009,995 from $1,971,489 at December 31, 2019. The growth in deposits occurred primarily in time deposits less than $250 thousand due to the addition of $54,108 to brokered deposits which more than offset the seasonal runoff of retail and public fund deposits.