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


(In thousands)	2023		2022
Noninterest-bearing deposits	$	2,914,161	$	3,673,300
Interest-bearing deposits:
Demand	1,463,679		1,435,454
Money market savings	2,628,918		3,213,045
Regular savings	1,275,225		513,360


Time deposits of less than $250,000	2,068,259		1,644,645
Time deposits of $250,000 or more	646,296		473,617
Total interest-bearing deposits	8,082,377		7,280,121
Total deposits	$	10,996,538	$	10,953,421

Demand deposit overdrafts reclassified as loan balances were $1.1 million and $10.4 million at December 31, 2023 and 2022, 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
2024	$	1,909,245
2025	645,952
2026	106,261
2027	27,126
2028	25,971
Thereafter	—
Total time deposits	$	2,714,555

The Company's time deposits of less than $250,000 represented 18.8% of total deposits and time deposits of $250,000 or more represented 5.9% of total deposits at December 31, 2023 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	$	538,756	$	352,123	$	510,001	$	667,379	$	2,068,259
Time deposits - $250,000 or more	$	192,353	$	220,943	$	95,069	$	137,931	$	646,296

Interest expense on time deposits of less than $250,000 amounted to $33.9 million, $5.0 million, and $6.0 million and interest expense on time deposits of $250,000 of more amounted to $64.1 million, $11.5 million, and $3.0 million for the years ended December 31, 2023, 2022 and 2021, respectively.

Deposits received in the ordinary course of business from the directors and officers of the Company and their related interests amounted to $91.1 million and $126.7 million for the years ended December 31, 2023 and 2022, respectively.