As of December 31, 2020, and December 31, 2019, the Company’s total time deposits were $1.7 billion and $1.8 billion, respectively. As of December 31, 2020, the contractual maturities of these time deposits were as follows:

(dollars in thousands)	Amount
2021	$	1,488,523
2022		98,656
2023		49,947
2024		11,006
2025		7,203
Thereafter		6,728
Total	$	1,662,063

The amount of time deposits with balances of $100,000 or more was $1.4 billion as of December 31, 2020, and 1.5 billion as of December 31, 2019. As of December 31, 2020, the contractual maturities of these time deposits were as follows:

(dollars in thousands)	Amount
Three Months or Less	$	527,079
Over Three Months through Six Months		207,675
Over Six Months through Twelve Months		574,479
Over Twelve Months		79,149
Total	$	1,388,382

As of December 31, 2020, and December 31, 2019, deposits of governmental entities of $1.5 billion and $1.2 billion, respectively, required collateralization by acceptable investment securities of the Company.