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Deposits
 12 Months Ended
Dec. 31, 2019
Banking and Thrift [Abstract]  
Deposits Deposits

A stratification of time deposits at December 31, 2019 and 2018 is presented in the following table:
(in thousands)
December 31, 2019

December 31, 2018

Time deposits of less than $100 thousand
$
29,931

$
34,638

Time deposits of $100 thousand to $250 thousand
39,377

51,690

Time deposits of more than $250 thousand
28,502

30,854

Total time deposits
$
97,810

$
117,182



Interest on time deposits was $595 thousand and $542 thousand in 2019 and 2018, respectively.

Scheduled maturities of time deposits at December 31, 2019 are presented as follows:
(in thousands)
2020

2021

2022

2023

2024

Thereafter

Total

Scheduled maturities of time deposits
$
64,747

$
17,401

$
7,541

$
3,681

$
4,440

$
—

$
97,810



As of December 31, 2019, $126.6 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 MarketplaceSM ("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, or placing deposits "one-way" for which we receive no matching deposits. We consider the reciprocal deposits to be in-market deposits as distinguished from traditional out-of-market brokered deposits. The following table shows the composition of our network deposits for 2019 and 2018.
(in thousands)
December 31, 2019
December 31, 2018
 
Reciprocal

One-Way

Reciprocal

One-Way

CDARS
$
5,011

$
7,453

$
7,661

$
10,428

ICS
56,681

27,220

44,123

4,808

DDM
41,636

—

22,687

—

Total network deposits
$
103,328

$
34,673

$
74,471

$
15,236



The aggregate amount of deposit overdrafts that have been reclassified as loan balances was $155 thousand and $131 thousand at December 31, 2019 and 2018, 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 $39.6 million and $33.3 million at December 31, 2019 and 2018, respectively.