DEPOSITS

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



	2017				2016
	(Dollars in thousands)
1 year or less	$	393,452	61.1	%	$	430,834	66.4	%
Over 1 year to 2 years	119,341		18.5	%	82,627		12.7	%
Over 2 years to 3 years	57,619		8.9	%	44,190		6.8	%
Over 3 years to 4 years	41,183		6.4	%	49,446		7.6	%
Over 4 years to 5 years	32,706		5.1	%	42,055		6.5	%
Total	$	644,301	100.0	%	$	649,152	100.0	%

The amount of overdraft deposits that were reclassified to the loan category were $2.3 million at both December 31, 2017 and 2016.

The Company has pledged assets as collateral covering certain deposits in the amount of $349.2 million and $299.7 million at December 31, 2017 and 2016, 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 or greater than $250,000 as of December 31, 2017 and 2016 is $80.0 million and $75.3 million, respectively.