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Deposits
 12 Months Ended
Dec. 31, 2020
Deposits [Abstract]  
Deposits Deposits
A stratification of time deposits is presented in the following table:
December 31,
(in thousands)20202019
Time deposits of less than $100 thousand$28,016 $29,931 
Time deposits of $100 thousand to $250 thousand38,773 39,377 
Time deposits of more than $250 thousand30,644 28,502 
Total time deposits$97,433 $97,810 
Interest on time deposits was $554 thousand, $595 thousand and $542 thousand in 2020, 2019 and 2018, respectively.

Scheduled maturities of time deposits at December 31, 2020 are presented as follows:
(in thousands)20212022202320242025ThereafterTotal
Scheduled time deposit maturities$71,852 $9,552 $6,382 $4,045 $5,602 $— $97,433 

As of December 31, 2020, $131.1 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 at December 31, 2020 and 2019.
(in thousands)December 31, 2020December 31, 2019
Reciprocal 1
One-Way 1
Reciprocal 1
One-Way 1
CDARS$7,622 $2,434 $5,011 $7,453 
ICS— 110,929 56,681 27,220 
DDM30,544 60,000 41,636 — 
Total network deposits$38,166 $173,363 $103,328 $34,673 
1 Reciprocal deposits are on-balance-sheet while one-way deposits are off-balance-sheet.

The aggregate amount of deposit overdrafts that have been reclassified as loan balances was $219 thousand and $155 thousand at December 31, 2020 and 2019, respectively.

The Bank accepts deposits from shareholders, board of directors and employees in the normal course of business, and the terms are comparable to those with non-affiliated parties. The total deposits from board directors and their businesses, and executive officers were $28.1 million and $39.6 million at December 31, 2020 and 2019, respectively.