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DEPOSITS
 12 Months Ended
Dec. 31, 2019
Banking and Thrift [Abstract]  
DEPOSITS DEPOSITS 
The following is a summary of the scheduled maturities of time deposits as of December 31:
 
2019
 
2018
 
(Dollars in thousands)
1 year or less
$
1,097,407

 
78.6
%
 
$
511,292

 
71.9
%
Over 1 year to 2 years
204,690

 
14.7
%
 
111,487

 
15.7
%
Over 2 years to 3 years
55,615

 
4.0
%
 
41,523

 
5.8
%
Over 3 years to 4 years
24,038

 
1.7
%
 
27,040

 
3.8
%
Over 4 years to 5 years
13,565

 
1.0
%
 
19,761

 
2.8
%
Total
$
1,395,315

 
100.0
%
 
$
711,103

 
100.0
%

The amount of overdraft deposits that were reclassified to the loan category were $5.0 million and $3.3 million at December 31, 2019 and 2018, respectively.
The Company has pledged assets as collateral covering certain deposits in the amount of $323.1 million and $356.8 million at December 31, 2019 and 2018, respectively.
The Bank's deposit accounts are insured to the maximum extent permitted by law by the Deposit Insurance Fund which is administered by the FDIC. The FDIC offers insurance coverage on deposits up to the federally insured limit of $250,000. The amount of time deposit accounts equal to or greater than $250,000 as of December 31, 2019 and 2018 is $244.7 million and $104.9 million, respectively.