Deposits

A stratification of time deposits at December 31, 2018 and 2017 is presented in the following table:



(in thousands)	December 31, 2018		December 31, 2017
Time deposits of less than $100 thousand	$	34,638	$	39,361
Time deposits of $100 thousand to $250 thousand	51,690		68,391
Time deposits of more than $250 thousand	30,854		52,364
Total time deposits	$	117,182	$	160,116

Interest on time deposits was $542 thousand and $576 thousand in 2018 and 2017, respectively.

Scheduled maturities of time deposits at December 31, 2018 are presented as follows:



(in thousands)	2019		2020		2021		2022		2023		Thereafter		Total
Scheduled maturities of time deposits	$	76,880	$	13,711	$	14,366	$	8,138	$	4,064	$	23	$	117,182

As of December 31, 2018, $125.7 million in securities 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. In addition, we offer deposits through Reich & Tang Deposit Networks, LLC, comprised of Demand Deposit Marketplace^SM("DDM") balances. Through these two networks 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 CDARS,ICS and DDM, on behalf of a customer, we have the option of receiving 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 had $7.7 million and $13.5 million in CDARS and $44.1 million and $41.0 million in ICS balances in the reciprocal deposit program at December 31, 2018 and 2017, respectively. In addition, we had $22.7 million and $29.2 million in DDM balances in the reciprocal deposit program at December 31, 2018 and 2017, respectively. We also have the ability to place deposits through the networks for which we receive no matching deposits ("one-way" deposits). One-way CDARS and ICS deposits totaled $15.2 million and $4.2 million at December 31, 2018 and 2017, respectively.

The aggregate amount of deposit overdrafts that have been reclassified as loan balances was $131 thousand and $224 thousand at December 31, 2018 and 2017, 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 $33.3 million and $29.9 million at December 31, 2018 and 2017, respectively.