DEPOSITS

12 Months Ended

Dec. 31, 2018

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



	2018				2017
	(Dollars in thousands)
1 year or less	$	511,292	71.9	%	$	393,452	61.1	%
Over 1 year to 2 years	111,487		15.7	%	119,341		18.5	%
Over 2 years to 3 years	41,523		5.8	%	57,619		8.9	%
Over 3 years to 4 years	27,040		3.8	%	41,183		6.4	%
Over 4 years to 5 years	19,761		2.8	%	32,706		5.1	%
Total	$	711,103	100.0	%	$	644,301	100.0	%

The amount of overdraft deposits that were reclassified to the loan category were $3.3 million and $2.3 million at December 31, 2018 and 2017, respectively.

The Company has pledged assets as collateral covering certain deposits in the amount of $356.8 million and $349.2 million at December 31, 2018 and 2017, 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, 2018 and 2017 is $104.9 million and $80.0 million, respectively.