DEPOSITS

12 Months Ended

Dec. 31, 2020

Deposits [Abstract]

DEPOSITS

DEPOSITS 

The following is a summary of the scheduled maturities of time deposits at December 31:

	2020				2019
	(Dollars in thousands)
1 year or less	$	789,237	83.0	%	$	1,097,407	78.6	%
Over 1 year to 2 years	93,727		9.9	%	204,690		14.7	%
Over 2 years to 3 years	36,739		3.9	%	55,615		4.0	%
Over 3 years to 4 years	13,407		1.4	%	24,038		1.7	%
Over 4 years to 5 years	17,519		1.8	%	13,565		1.0	%
Total	$	950,629	100.0	%	$	1,395,315	100.0	%

    The amount of overdraft deposits that were reclassified to the loan category were $1.4 million and $5.0 million at December 31, 2020 and 2019, respectively.

    The Company had pledged assets as collateral covering certain deposits in the amount of $419.6 million and $323.1 million at December 31, 2020 and 2019, 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 at of December 31, 2020 and 2019 was $202.2 million and $244.7 million, respectively.