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Deposits | 12 Months Ended
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Dec. 31, 2020
Deposits [Abstract] |
Deposits | DEPOSITS The following is a summary of the scheduled maturities of CDs, including retail and brokered deposits, as of the dates indicated:
|  | December 31,
(In thousands) |  | 2020 |  | 2019
1 year or less |  | $ | 243,232 |  |  | $ | 474,530 |
Over 1 year to 2 years |  | 54,533 |  |  | 61,100 |
Over 2 years to 3 years |  | 21,068 |  |  | 21,682 |
Over 3 years to 4 years |  | 18,267 |  |  | 14,211 |
Over 4 years to 5 years |  | 17,448 |  |  | 18,993 |
Over 5 years |  | 3,118 |  |  | 5,033 |
Total |  | $ | 357,666 |  |  | $ | 595,549 |
CDs issued in amounts that meet or exceed the FDIC insurance limit of $250,000 totaled $91.6 million and $176.0 million at December 31, 2020 and 2019, respectively. The Company has pledged assets as collateral covering certain deposits in the amount of $322.0 million and $471.2 million at December 31, 2020 and 2019, respectively. The amount of overdraft deposits that were reclassified as loans at December 31, 2020 and 2019 was $520,000 and $889,000, respectively. At December 31, 2020 and 2019, the Company, in the normal course of business, had deposits from certain officers, directors and their associated companies totaling $52.9 million and $20.7 million, respectively.

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- Definition The entire disclosure for deposit liabilities including data and tables. It may include a description of the entity's deposit liabilities, the aggregate amount of time deposits (including certificates of deposit) in denominations of $100,000 or more at the balance sheet date; the aggregate amount of any demand deposits that have been reclassified as loan balances, such as overdrafts, at the balance sheet date; deposits that are received on terms other than those in the normal course of business, the amount of accrued interest on deposit liabilities; securities, mortgage loans or other financial instruments that serve as collateral for deposits; for time deposits having a remaining term of more than one year, the aggregate amount of maturities for each of the five years following the balance sheet date; and the weighted average interest rate for all deposit liabilities held by the entity. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 405 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=116652737&loc=d3e64164-112818 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03.12) -URI http://asc.fasb.org/extlink&oid=120398452&loc=d3e534808-122878 + Details
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