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Deposits
6 Months Ended
Jun. 30, 2020
Deposits.  
Deposits

10. Deposits

The major components of interest-bearing and noninterest-bearing deposits at June 30, 2020 and December 31, 2019 are summarized as follows:

At the period end

    

June 30, 2020

    

December 31, 2019

 

Interest-bearing deposits:

Money market accounts

$

434,628

$

365,463

Now accounts

 

440,202

 

402,999

Savings accounts

 

404,040

 

370,270

Time deposits less than $250

 

251,121

 

231,450

Time deposits $250 or more

 

104,927

 

138,069

Total interest-bearing deposits

 

1,634,918

 

1,508,251

Noninterest-bearing deposits

 

575,206

 

463,238

Total deposits

$

2,210,124

$

1,971,489

The growth in deposits occurred primarily in non-maturity deposits due to proceeds of PPP loans retained on deposit by our commercial borrowers. Time deposits $250 thousand or more decreased due to the maturity of a few large public fund certificates of deposit.