The following table presents the composition of deposits at December 31 for the years indicated:


(In thousands)	2021		2020
Noninterest-bearing deposits	$	3,779,630	$	3,325,547
Interest-bearing deposits:
Demand	1,604,714		1,292,164
Money market savings	3,415,663		3,339,645
Regular savings	533,862		418,051


Time deposits of less than $250,000	910,464		1,180,636
Time deposits of $250,000 or more	380,398		477,026
Total interest-bearing deposits	6,845,101		6,707,522
Total deposits	$	10,624,731	$	10,033,069

Demand deposit overdrafts reclassified as loan balances were $1.8 million and $13.1 million at December 31, 2021 and 2020, respectively. Overdraft charge-offs and recoveries are reflected in the allowance for credit losses.

The following table presents the maturity schedule for time deposits maturing within years ending December 31:


(In thousands)	Amount
2022	$	1,002,132
2023	165,131
2024	89,074
2025	16,464
2026	17,881
Thereafter	180
Total time deposits	$	1,290,862

The Company's time deposits of less than $250,000 represented 8.6% of total deposits and time deposits of $250,000 or more represented 3.6% of total deposits at December 31, 2021 and are presented by maturity in the following table:


	Months to Maturity
(In thousands)	3 or Less		Over 3 to 6		Over 6 to 12		Over 12		Total
Time deposits - less than $250,000	$	277,975	$	226,476	$	215,245	$	190,768	$	910,464
Time deposits - $250,000 or more	$	88,510	$	93,719	$	100,207	$	97,962	$	380,398

Interest expense on time deposits of less than $250,000 amounted to $6.0 million, $16.5 million, and $20.8 million and interest expense on time deposits of $250,000 of more amounted to $3.0 million, $10.7 million, and $13.0 million for the years ended December 31, 2021, 2020 and 2019, respectively.

Deposits received in the ordinary course of business from the directors and officers of the Company and their related interests amounted to $89.5 million and $73.4 million for the years ended December 31, 2021 and 2020, respectively.