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Note 9 - Deposits

3 Months Ended

Mar. 31, 2024

Notes to Financial Statements

Deposit Liabilities Disclosures [Text Block]

NOTE 9 – DEPOSITS

Deposits are summarized as follows at the dates indicated:

		March 31,				December 31,
		2024				2023
Noninterest-bearing checking		$	618,526			$	654,048
Interest-bearing checking (1)			188,050				244,028
Savings			153,025				151,630
Money market (2)			364,944				359,063
Certificates of deposit less than $100,000 (3)			579,153				587,858
Certificates of deposit of $100,000 through $250,000			424,463				429,373
Certificates of deposit greater than $250,000			108,763				79,540
Escrow accounts related to mortgages serviced (4)			28,373				16,783
Total		$	2,465,297			$	2,522,323

(1) Includes $0.0 and $70.2 million of brokered deposits at March 31, 2024 and December 31, 2023, respectively.

(2) Includes $8.0 million and $1,000 of brokered deposits at March 31, 2024 and December 31, 2023, respectively.

(3) Includes $331.3 million and $361.3 million of brokered deposits at March 31, 2024 and December 31, 2023, respectively.

(4) Noninterest-bearing accounts.

Scheduled maturities of certificates of deposits at March 31, 2024 for future periods ending are as follows:

Maturing in 2024		$	776,564
Maturing in 2025			267,538
Maturing in 2026			44,267
Maturing in 2027			21,324
Maturing in 2028			2,258
Thereafter			428
Total		$	1,112,379

Interest expense by deposit category for the periods indicated is as follows:

		Three Months Ended
		March 31,
		2024				2023
Interest-bearing checking		$	784			$	98
Savings and money market			1,661				1,198
Certificates of deposit			10,437				5,328
Total		$	12,882			$	6,624

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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

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X

- References

No definition available.

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