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Deposits

12 Months Ended

Dec. 31, 2024

Deposits [Abstract]

Deposits

Deposits

Deposits were $2.81 billion as of December 31, 2024, which remained consistent with $2.80 billion as of December 31, 2023. In 2024, customer deposit balances were consistent with normal activity. Deposits are summarized below:

			December 31,
(in thousands)			2024						2023
Noninterest-bearing demand deposits			$	866,496					$	916,456
Interest-bearing deposits:
Interest-bearing demand deposits			154,720						138,380
NOW accounts			467,118						468,483
Money market accounts			556,769						541,607
Savings accounts			169,894						173,741
Time deposits less than or equal to $250,000			403,096						392,094
Time deposits greater than $250,000			187,013						171,127
Total interest-bearing deposits			1,938,610						1,885,432
Total deposits			$	2,805,106					$	2,801,888

As of December 31, 2024, the scheduled maturities of all outstanding time deposits were as follows:

Years ending December 31,						Amount
(in thousands)
2025						$	541,927
2026						27,430
2027						9,985
2028						4,493
2029						4,464
Thereafter						1,810
						$	590,109

Collateral for Deposits

As of December 31, 2024 and 2023, securities and FHLB of Dallas letters of credit with values of approximately $287.5 million and $287.4 million, respectively, were pledged as collateral to secure public entity deposits.

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- Definition

The entire disclosure for deposit liabilities including data and tables. It may include a description of the entity's deposit liabilities, the aggregate amount of time deposits (including certificates of deposit) in denominations of $100,000 or more at the balance sheet date; the aggregate amount of any demand deposits that have been reclassified as loan balances, such as overdrafts, at the balance sheet date; deposits that are received on terms other than those in the normal course of business, the amount of accrued interest on deposit liabilities; securities, mortgage loans or other financial instruments that serve as collateral for deposits; for time deposits having a remaining term of more than one year, the aggregate amount of maturities for each of the five years following the balance sheet date; and the weighted average interest rate for all deposit liabilities held by the entity.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-SubTopic 405
-Topic 942
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478353/942-405-50-1

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 942
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-03(12))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478546/942-210-S99-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Name Regulation S-K (SK)
-Number 229
-Section 1406
-Paragraph e
-Publisher SEC

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Name Regulation S-K (SK)
-Number 229
-Section 1406
-Publisher SEC

+ Details

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- References

No definition available.

+ Details

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