Annual report pursuant to Section 13 and 15(d)

DEPOSITS

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DEPOSITS
 12 Months Ended
Dec. 31, 2018
Banking and Thrift [Abstract]  
DEPOSITS

Note 7

DEPOSITS

The composition of the Company's interest bearing deposits at December 31 was as follows:

(Dollars in Thousands) 2018 2017
NOW Accounts $ 867,209 $ 877,820
Money Market Accounts 237,739 239,212
Savings Deposits 358,306 335,140
Time Deposits 120,744 143,122
Total Interest Bearing Deposits $ 1,583,998 $ 1,595,294

At December 31, 2018 and 2017, $1.6 million in overdrawn deposit accounts were reclassified as loans.

Time deposits that meet or exceed the FDIC insurance limit of $250,000 totaled $6.5 million and $8.2 million at December 31, 2018 and December 31, 2017, respectively.

At December 31, the scheduled maturities of time deposits were as follows:

(Dollars in Thousands) 2018
2019 $ 98,960
2020 13,563
2021 5,045
2022 1,668
2023 and thereafter 1,508
Total $ 120,744

Interest expense on deposits for the three years ended December 31, was as follows:
(Dollars in Thousands) 2018 2017 2016
NOW Accounts $ 3,152 $ 1,094 $ 292
Money Market Accounts 675 252 120
Savings Deposits 172 159 144
Time Deposits < $250,000 234 274 306
Time Deposits > $250,000 10 10 17
Total $ 4,243 $ 1,789 $ 879