Deposits

A stratification of time deposits at December 31, 2015 and 2014 is presented in the following table:



(in thousands)	December 31, 2015		December 31, 2014
Time deposits of less than $100 thousand	$	39,534	$	44,130
Time deposits of $100 thousand to $250 thousand	67,352		58,240
Time deposits of more than $250 thousand	54,571		47,344
Total time deposits	$	161,457	$	149,714

Interest on time deposits was $853 thousand, $917 thousand and $922 thousand in 2015, 2014 and 2013, respectively.

Scheduled maturities of time deposits at December 31, 2015 are presented as follows:



(in thousands)	2016		2017		2018		2019		2020		Thereafter		Total
Scheduled maturities of time deposits	$	113,232	$	23,482	$	9,317	$	7,482	$	7,944	$	—	$	161,457

As of December 31, 2015, $50.9 million in securities held-to-maturity and $36.2 million securities available-for-sale were pledged as collateral for our local agency deposits.

Our deposit portfolio includes deposits offered through the Promontory Interfinancial Network that are comprised of Certificate of Deposit Account Registry Service^® ("CDARS") balances included in time deposits and Insured Cash Sweep^® ("ICS") balances included in money market deposits. Through this network, we are able to offer our customers access to FDIC-insured deposit products in aggregate amounts exceeding current insurance limits. When we place funds through CDARSand ICS on behalf of a customer, we typically receive matching deposits through the network's reciprocal deposit program. We consider the reciprocal deposits to be in-market deposits as distinguished from traditional out-of-market brokered deposits. We also have the ability to place deposits through the network for which we receive no matching deposits. At December 31, 2015, we had $14.3 million in CDARS and $12.2 million in ICS balances in the reciprocal deposit program. At December 31, 2014, we had no CDARS or ICS deposits in the reciprocal deposit program. At December 31, 2015 and 2014 we had placed $355 thousand and $18.3 million, respectively, in CDARS deposits for which we received no matching deposits.

The aggregate amount of deposit overdrafts that have been reclassified as loan balances was $84 thousand and $380 thousand at December 31, 2015 and 2014, respectively. Collectability of these overdrafts is subject to the same credit review process as other loans.

The Bank accepts deposits from shareholders, directors and employees in the normal course of business, and the terms are comparable to those with non-affiliated parties. The total deposits from directors and their businesses, and executive officers were $8.3 million and $8.8 million at December 31, 2015 and 2014, respectively.