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Deposits
 12 Months Ended
Dec. 31, 2021
Deposits [Abstract]  
Deposits Deposits
A stratification of time deposits is presented in the following table:
December 31,
(in thousands)20212020
Time deposits of less than or equal to $250 thousand$96,214 $66,789 
Time deposits of more than $250 thousand54,021 30,644 
Total time deposits$150,235 $97,433 

Interest on time deposits was $246 thousand, $554 thousand and $595 thousand in 2021, 2020 and 2019, respectively.

Scheduled maturities of time deposits at December 31, 2021 are presented as follows:
(in thousands)20222023202420252026ThereafterTotal
Scheduled time deposit maturities$109,785 $15,963 $8,187 $8,357 $7,943 $— $150,235 

As of December 31, 2021, $213.9 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, 2021 and 2020.
(in thousands)December 31, 2021December 31, 2020
Reciprocal 1
One-Way 1
Reciprocal 1
One-Way 1
CDARS$21,413 $2,160 $7,622 $2,434 
ICS— 110,900 — 110,929 
DDM52,365 60,000 30,544 60,000 
Total network deposits$73,778 $173,060 $38,166 $173,363 
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 $346 thousand and $219 thousand at December 31, 2021 and 2020, 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 $25.3 million and $28.1 million at December 31, 2021 and 2020, respectively.