The following is a summary of the scheduled maturities of time deposits as of December 31:



	2015				2014
	(Dollars in thousands)
1 year or less	$	488,046	71.2	%	$	462,506	71.2	%
Over 1 year to 2 years	83,244		12.2	%	102,385		15.8	%
Over 2 years to 3 years	31,017		4.5	%	29,044		4.5	%
Over 3 years to 4 years	35,448		5.2	%	26,156		4.0	%
Over 4 years to 5 years	47,075		6.9	%	29,529		4.5	%
Total	$	684,830	100.0	%	$	649,620	100.0	%

The amounts of overdraft deposits that were reclassified to the loan category at December 31, 2015 and 2014 were $2.8 million and $3.5 million, respectively.

The Company has pledged assets as collateral covering certain deposits in the amount of $179.6 million and $173.0 million at December 31, 2015 and 2014, respectively.

The Bank's deposit accounts are insured to the maximum extent permitted by law by the Deposit Insurance Fund which is administered by the FDIC. The FDIC offers insurance coverage on deposits up to the federally insured limit of $250,000. The amount of time deposits accounts equal to and greater than $250,000 as of December 31, 2015 and 2014 is $69.6 million and $54.5 million, respectively.