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Deposits | 9 Months Ended
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Sep. 30, 2025
Deposits [Abstract] |
Deposits | NOTE 6 – D EPOSITS The Company’s total deposits consisted of the following:
(In thousands) |  | September 30, 2025 |  | December 31, 2024
Interest-bearing checking |  | $ | 1,069,344 |  | $ | 993,219
Savings |  |  | 5,376 |  |  | 3,052
Money market |  |  | 459,822 |  |  | 335,526
Time, $250,000 or more |  |  | 34,986 |  |  | 51,009
Other time |  |  | 7,860 |  |  | 23,459
Non-reciprocal brokered (1) |  |  | – |  |  | 70,763
Total interest-bearing deposits |  |  | 1,577,388 |  |  | 1,477,028
Noninterest-bearing deposits |  |  | 471,770 |  |  | 414,327
Total deposits |  | $ | 2,049,158 |  | $ | 1,891,355
(1) FDIC regulations impose a general cap on reciprocal deposits that may be exempt from brokered deposits classification equal to 20% of the Bank's total liabilities. As of September 30, 2025 and December 31, 2024, an additional $522.5 million and $470.0 million of our deposits were considered brokered deposits by the FDIC due to being in excess of the general cap, respectively.
Non-reciprocal brokered deposits are used to supplement the Company’s traditional deposit funding sources. At September 30, 2025, the Company had no non-reciprocal brokered deposits, and at December 31, 2024, they represented 4% of total deposits. At September 30, 2025, scheduled maturities of time deposits were as follows:
(In thousands) |  |  |
2025 |  | $ | 30,106
2026 |  |  | 10,826
2027 |  |  | 772
2028 |  |  | –
2029 and after |  |  | 1,142
Total time deposits |  | $ | 42,846
‎ Interest expense recognized on interest-bearing deposits for the three and nine months ended September 30, 2025 and September 30, 2024, consisted of the following:
|  | Three Months Ended September 30, |  | Nine Months Ended September 30,
(In thousands) |  | 2025 |  | 2024 |  | 2025 |  | 2024
Interest-bearing checking |  | $ | 9,961 |  | $ | 9,801 |  | $ | 27,974 |  | $ | 25,272
Savings |  |  | 17 |  |  | 12 |  |  | 36 |  |  | 37
Money market |  |  | 3,319 |  |  | 3,055 |  |  | 9,265 |  |  | 7,898
Time, $250,000 or more |  |  | 360 |  |  | 310 |  |  | 1,031 |  |  | 1,001
Other time |  |  | 5 |  |  | 500 |  |  | 292 |  |  | 1,399
Non-reciprocal brokered |  |  | 114 |  |  | 924 |  |  | 1,674 |  |  | 4,523
Total interest-bearing deposits |  | $ | 13,776 |  | $ | 14,602 |  | $ | 40,272 |  | $ | 40,130
Overdrawn deposit accounts reclassified as loans were $27,000 and $70,000 as of September 30, 2025 and December 31, 2024, respectively. At September 30, 2025, the Company had two deposit relationships that exceeded 5% of total deposits. Totaling $225.4 million, together they represented 11% of total deposits. At December 31, 2024, the Company had one deposit relationship that exceeded 5% of total deposits. At $97.0 million, this deposit relationship represented 5% of total deposits.

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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 + Details
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