(7) DEPOSITS

A summary of deposits at December 31, 2014 and 2013 is as follows (amounts in thousands):

	2014		2013
Non-interest-bearing demand deposits	$	366,298	$	351,222
Interest-bearing demand deposits		110,819		114,679
Insured money market accounts		392,871		361,095
Savings deposits		198,183		194,768
Time deposits		211,843		244,492
	$	1,280,014	$	1,266,256

Scheduled maturities of time deposits at December 31, 2014, are summarized as follows (amounts in thousands):

Year
2015	$	155,295
2016		34,803
2017		9,486
2018		4,775
2019		5,851
2020 and thereafter		1,633
	$	211,843

Time deposits that meet or exceed the FDIC Insurance limit of $250,000 at December 31, 2014 and 2013 were $42.8 million and $37.7 million, respectively.

Time deposits include certificates of deposit in denominations of $100 thousand or more aggregating $80.5 million and $88.8 million at December 31, 2014 and 2013, respectively. Interest expense on such certificates was $0.5 million, $0.8 million and $1.2 million for 2014, 2013 and 2012, respectively.

Maturities of time deposits in denominations of $100 thousand or more outstanding at December 31, 2014 are summarized as follows (amounts in thousands):

3 months or less	$	31,484
Over 3 through 6 months		15,286
Over 6 through 12 months		17,842
Over 12 months		15,845
	$	80,457