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Note 9 - Deposits | 12 Months Ended
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Dec. 31, 2023
Notes to Financial Statements |
Deposit Liabilities Disclosures [Text Block] | NOTE 9 – DEPOSITS Deposits are summarized as follows at the dates indicated:
|  | December 31, |
|  | 2023 |  |  | 2022 |
Noninterest-bearing checking |  | $ | 654,048 |  |  | $ | 537,938 |
Interest-bearing checking (1) |  |  | 244,028 |  |  |  | 135,127 |
Savings |  |  | 151,630 |  |  |  | 134,358 |
Money market (2) |  |  | 359,063 |  |  |  | 574,290 |
Certificates of deposit less than $100,000 (3) |  |  | 587,858 |  |  |  | 440,785 |
Certificates of deposit of $100,000 through $250,000 |  |  | 429,373 |  |  |  | 195,447 |
Certificates of deposit of $250,000 and over |  |  | 79,540 |  |  |  | 93,560 |
Escrow accounts related to mortgages serviced (4) |  |  | 16,783 |  |  |  | 16,236 |
Total |  | $ | 2,522,323 |  |  | $ | 2,127,741 |
_____________________________
(1) | Includes $70.2 million and $2.3 million of brokered deposits at December 31, 2023 and 2022, respectively.
(2) | Includes $1,000 and $59.7 million of brokered deposits at December 31, 2023 and 2022, respectively.
(3) | Includes $361.3 million and $332.0 million of brokered certificates of deposit at December 31, 2023 and 2022, respectively.
(4) | Noninterest-bearing accounts.
Scheduled maturities of time deposits at December 31, 2023 for future years ending are as follows:
|  | December 31, 2023 |
Maturing in 2024 |  | $ | 863,350 |
Maturing in 2025 |  |  | 166,827 |
Maturing in 2026 |  |  | 44,288 |
Maturing in 2027 |  |  | 21,727 |
Maturing in 2028 and thereafter |  |  | 579 |
Total |  | $ | 1,096,771 |
Interest expense by deposit category for the years indicated is as follows:
|  | Year Ended |
|  | December 31, |
|  | 2023 |  |  | 2022 |  |  | 2021 |
Interest-bearing checking |  | $ | 2,586 |  |  | $ | 495 |  |  | $ | 282 |
Savings and money market |  |  | 5,511 |  |  |  | 3,775 |  |  |  | 1,604 |
Certificates of deposit |  |  | 28,654 |  |  |  | 5,150 |  |  |  | 5,043 |
Total |  | $ | 36,751 |  |  | $ | 9,420 |  |  | $ | 6,929 |
The Company had related party deposits of approximately $2.8 million and $5.7 million at December 31, 2023 and 2022, respectively, which included deposits held for directors and executive officers.

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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//1943274/2147481047/942-405-50-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name Regulation S-K (SK) -Number 229 -Section 1406 -Paragraph (e) -Publisher SEC Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Name Regulation S-K (SK) -Number 229 -Section 1406 -Publisher SEC Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03.12) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479853/942-210-S99-1 + Details
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