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Note 8 - Deposits

6 Months Ended

Jun. 30, 2024

Notes to Financial Statements

Deposit Liabilities Disclosures [Text Block]

NOTE 8 – DEPOSITS

Deposits are summarized as follows at the dates indicated:

		June 30,				December 31,
		2024				2023
Noninterest-bearing checking		$	613,137			$	654,048
Interest-bearing checking (1)			166,839				244,028
Savings			151,398				151,630
Money market (2)			343,995				359,063
Certificates of deposit less than $100,000 (3)			530,537				587,858
Certificates of deposit of $100,000 through $250,000			427,893				429,373
Certificates of deposit greater than $250,000			138,792				79,540
Escrow accounts related to mortgages serviced (4)			10,212				16,783
Total		$	2,382,803			$	2,522,323

(1) Includes $0.0 and $70.2 million of brokered deposits at June 30, 2024 and December 31, 2023, respectively.

(2) Includes $4.0 million and $1,000 of brokered deposits at June 30, 2024 and December 31, 2023, respectively.

(3) Includes $261.0 million and $361.3 million of brokered deposits at June 30, 2024 and December 31, 2023, respectively.

(4) Noninterest-bearing accounts.

Scheduled maturities of certificates of deposits at June 30, 2024 for future periods ending are as follows:

Maturing in 2024		$	615,361
Maturing in 2025			369,984
Maturing in 2026			87,246
Maturing in 2027			21,019
Maturing in 2028			3,208
Thereafter			404
Total		$	1,097,222

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

		Three Months Ended								Six Months Ended
		June 30,								June 30,
		2024				2023				2024				2023
Interest-bearing checking		$	555			$	370			$	1,339			$	468
Savings and money market			1,951				1,344				3,612				2,542
Certificates of deposit			10,746				5,896				21,183				11,224
Total		$	13,252			$	7,610			$	26,134			$	14,234

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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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