XML 39 R16.htm IDEA: XBRL DOCUMENT

Deposits

12 Months Ended

Dec. 31, 2024

Note 8. Deposits

The aggregate amount of time deposits in denominations of $250,000 or more was $302.8 million and $225.7 million at December 31, 2024 and 2023, respectively. At December 31, 2024, the scheduled maturities of time deposits are as follows (in thousands):


2025	$	772,344
2026		48,273
2027		12,917
2028		7,869
2029		3,237
Thereafter		—
Total	$	844,640

As of December 31, 2024, and 2023, there was a fair value adjustment of $39 thousand and $106 thousand, respectively, to time deposits as a result of business combinations.

From time to time, the Company engages in deposit transactions with its directors, executive officers and their related interests (collectively referred to as "related parties"). Such deposits are made in the ordinary course of business and on substantially the same terms as those for comparable transactions prevailing at the time and do not present other unfavorable features. The total amount of related party deposits was $70.6 million and $85.0 million at December 31, 2024 and 2023, respectively.