XML 24 R13.htm IDEA: XBRL DOCUMENT v3.25.1
Deposits
3 Months Ended
Mar. 31, 2025
Banking [Abstract]  
Deposits
Note 6. Deposits
 
The composition of the deposits at March 31, 2025 and December 31, 2024 is summarized in the table below (in thousands):
March 31, 2025December 31, 2024
NOW accounts$422,834 $470,548 
MMA accounts865,973 843,145 
Savings deposits174,123 172,976 
Time deposits453,460 443,284 
Total interest-bearing1,916,390 1,929,953 
Non-interest bearing1,012,288 980,824 
Total deposits$2,928,678 $2,910,777 

Aggregate annual maturities of time deposits are as follows (in thousands):
Years Ending December 31,
2025$276,878 
2026156,544 
202715,140 
20284,132 
2029534 
Thereafter232 
Total$453,460 
 
Interest expense recognized on interest-bearing deposits consisted of the following (in thousands):
 For the Three Months
Ended March 31,
20252024
Savings$147 $134 
Money market5,100 2,843 
NOW accounts712 121 
Time certificates of deposit4,429 1,920 
Total$10,388 $5,018 

As of March 31, 2025 and December 31, 2024 uninsured deposits totaled $1,069,860,000 and $1,029,929,000, respectively.