The following table presents the composition of deposits at December 31 for the years indicated:


(In thousands)	2024		2023
Noninterest-bearing deposits	$	2,804,930	$	2,914,161
Interest-bearing deposits:
Demand	1,579,463		1,463,679
Money market savings	3,016,096		2,628,918
Regular savings	1,764,598		1,275,225


Time deposits of less than $250,000	1,840,274		2,068,259
Time deposits of $250,000 or more	740,304		646,296
Total interest-bearing deposits	8,940,735		8,082,377
Total deposits	$	11,745,665	$	10,996,538

Demand deposit overdrafts reclassified as loan balances were $4.6 million and $1.1 million at December 31, 2024 and 2023, respectively. Overdraft charge-offs and recoveries are reflected in the allowance for credit losses.

The following table presents the maturity schedule for time deposits maturing within years ending December 31:


(In thousands)	Amount
2025	$	2,186,012
2026	322,656
2027	37,779
2028	27,553
2029	6,578
Thereafter	—
Total time deposits	$	2,580,578

The Company's time deposits of less than $250,000 represented 15.7% of total deposits and time deposits of $250,000 or more represented 6.3% of total deposits at December 31, 2024 and are presented by maturity in the following table:


	Months to Maturity
(In thousands)	3 or Less		Over 3 to 6		Over 6 to 12		Over 12		Total
Time deposits - less than $250,000	$	707,380	$	346,201	$	464,896	$	321,797	$	1,840,274
Time deposits - $250,000 or more	$	273,372	$	302,695	$	91,468	$	72,769	$	740,304

Interest expense on time deposits of less than $250,000 amounted to $53.5 million, $33.9 million, and $5.0 million and interest expense on time deposits of $250,000 of more amounted to $62.1 million, $64.1 million, and $11.5 million for the years ended December 31, 2024, 2023 and 2022, respectively.

Deposits received in the ordinary course of business from the directors and officers of the Company and their related interests amounted to $70.2 million and $91.1 million for the years ended December 31, 2024 and 2023, respectively.