7.DEPOSITS

The scheduled maturities of certificates of deposit as of December 31, 2019 were as follows:


(dollars in thousands)	Amount		Percent
2020	$	86,159	74.1	%
2021		18,026	15.5
2022		7,368	6.3
2023		1,145	1.0
2024		2,401	2.1
2025 and thereafter		1,112	1.0

Total	$	116,211	100.0	%

Certificates of deposit of $100,000 or more aggregated $70.7 million and $66.9 million as of December 31, 2019 and 2018, respectively. Certificates of deposit of $250,000 or more aggregated $44.5 million and $38.4 million at December 31, 2019 and 2018, respectively.

As of December 31, 2019, investment securities with a combined fair value of $185.1 million and letters of credit with a notional value of $32.3 million were available to be pledged as qualifying collateral to secure public deposits and trust funds. The Company required $99.7 million of the qualifying collateral to secure such deposits as of December 31, 2019 and the balance of $117.7 million was available for other pledging needs.