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


(In thousands)	2022		2021
Noninterest-bearing deposits	$	3,673,300	$	3,779,630
Interest-bearing deposits:
Demand	1,435,454		1,604,714
Money market savings	3,213,045		3,415,663
Regular savings	513,360		533,862


Time deposits of less than $250,000	1,644,645		910,464
Time deposits of $250,000 or more	473,617		380,398
Total interest-bearing deposits	7,280,121		6,845,101
Total deposits	$	10,953,421	$	10,624,731

Demand deposit overdrafts reclassified as loan balances were $10.4 million and $1.8 million at December 31, 2022 and 2021, 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
2023	$	1,722,480
2024	271,347
2025	94,816
2026	16,422
2027	13,167
Thereafter	30
Total time deposits	$	2,118,262

The Company's time deposits of less than $250,000 represented 15.0% of total deposits and time deposits of $250,000 or more represented 4.3% of total deposits at December 31, 2022 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	$	262,907	$	202,825	$	902,562	$	276,351	$	1,644,645
Time deposits - $250,000 or more	$	45,140	$	102,582	$	206,464	$	119,431	$	473,617

Interest expense on time deposits of less than $250,000 amounted to $5.0 million, $6.0 million, and $16.5 million and interest expense on time deposits of $250,000 of more amounted to $11.5 million, $3.0 million, and $10.7 million for the years ended December 31, 2022, 2021 and 2020, respectively.

Deposits received in the ordinary course of business from the directors and officers of the Company and their related interests amounted to $126.7 million and $89.5 million for the years ended December 31, 2022 and 2021, respectively.