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Note 8 - Deposits

9 Months Ended

Sep. 30, 2024

Notes to Financial Statements

Deposit Liabilities Disclosures [Text Block]

NOTE 8 – DEPOSITS

Deposits are summarized as follows at the dates indicated:

		September 30,				December 31,
		2024				2023
Noninterest-bearing checking		$	641,270			$	654,048
Interest-bearing checking (1)			165,944				244,028
Savings			151,364				151,630
Money market (2)			340,049				359,063
Certificates of deposit less than $100,000 (3)			533,441				587,858
Certificates of deposit of $100,000 through $250,000			452,705				429,373
Certificates of deposit greater than $250,000			126,075				79,540
Escrow accounts related to mortgages serviced (4)			16,483				16,783
Total		$	2,427,331			$	2,522,323

(1) Includes $70.2 million of brokered deposits at  December 31, 2023.

(2) Includes $1.0 million and $1,000 of brokered deposits at September 30, 2024 and December 31, 2023, respectively.

(3) Includes $250.2 million and $361.3 million of brokered deposits at September 30, 2024 and December 31, 2023, respectively.

(4) Noninterest-bearing accounts.

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

Remainder of 2024		$	415,152
Maturing in 2025			566,388
Maturing in 2026			102,663
Maturing in 2027			20,688
Maturing in 2028			6,919
Thereafter			411
Total		$	1,112,221

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

		Three Months Ended								Nine Months Ended
		September 30,								September 30,
		2024				2023				2024				2023
Interest-bearing checking		$	580			$	643			$	1,919			$	1,111
Savings and money market			1,981				1,529				5,593				4,071
Certificates of deposit			10,925				8,290				32,108				19,514
Total		$	13,486			$	10,462			$	39,620			$	24,696

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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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