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



	2016				2015
	(Dollars in thousands)
1 year or less	$	430,834	66.4	%	$	488,046	71.2	%
Over 1 year to 2 years	82,627		12.7	%	83,244		12.2	%
Over 2 years to 3 years	44,190		6.8	%	31,017		4.5	%
Over 3 years to 4 years	49,446		7.6	%	35,448		5.2	%
Over 4 years to 5 years	42,055		6.5	%	47,075		6.9	%
Total	$	649,152	100.0	%	$	684,830	100.0	%

The amounts of overdraft deposits that were reclassified to the loan category at December 31, 2016 and 2015 were $2.3 million and $2.8 million, respectively.

The Company has pledged assets as collateral covering certain deposits in the amount of $299.7 million and $298.8 million at December 31, 2016 and 2015, 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 deposit accounts equal to and greater than $250,000 as of December 31, 2016 and 2015 is $75.3 million and $69.6 million, respectively.