Deposits

12 Months Ended

Dec. 31, 2020

Deposits [Abstract]

Deposits

Note 8. Deposits

The aggregate amount of time deposits in denominations of $250,000 or more was $138.1 million and $136.5 million at December 31, 2020 and 2019, respectively. At December 31, 2020, the scheduled maturities of time deposits are as follows (in thousands):

2021	$	389,097
2022		82,271
2023		44,957
2024		22,444
2025		10,906
Thereafter		487
Total	$	550,162

As of December 31, 2020, and 2019, there was a fair value adjustment of $336 thousand and $206 thousand, respectively, to time deposits as a result of business combinations.

At December 31, 2020 and 2019, the Company had $285 thousand and $254 thousand, respectively, of deposit accounts in overdraft status that have been reclassified to loans on the accompanying consolidated balance sheets. From time to time, the Company engages in deposit transactions with its directors, executive officers and their related interests (collectively referred to as "related parties"). Such deposits are made in the ordinary course of business and on substantially the same terms as those for comparable transactions prevailing at the time and do not present other unfavorable features. The total amount of related party deposits was $21.6 million and $16.8 million at December 31, 2020 and 2019, respectively.