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DEPOSITS | 12 Months Ended
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Dec. 31, 2024
Deposits [Abstract] |
DEPOSITS | DEPOSITS A summary of deposits as of December 31, 2024 and 2023 is as follows (in thousands):
|  | 2024 |  | 2023
Non interest-bearing demand deposits |  | $ | 625,762 |  |  | $ | 653,166 |
Interest-bearing demand deposits |  | 306,536 |  |  | 291,138 |
Insured money market deposits |  | 595,123 |  |  | 623,714 |
Savings deposits |  | 245,550 |  |  | 249,144 |
Certificates of deposits $250,000 or less |  | 401,563 |  |  | 365,058 |
Certificates of deposits greater than $250,000 |  | 101,125 |  |  | 76,804 |
Brokered deposits (1) |  | 92,159 |  |  | 142,776 |
Other time deposits (2) |  | 29,065 |  |  | 27,627 |
Total |  | $ | 2,396,883 |  |  | $ | 2,429,427 |
(1) Brokered deposits which are individually $250,000 and under. (2) Includes Individual Retirement Accounts and Christmas Club Accounts. Total customer deposits include reciprocal balances from checking, insured money market deposits, and CDs received from participating banks in nationwide deposit networks as a result of our customers electing to participate in Corporate offered ICS/CDARS programs allowing enhanced FDIC insurance protection. In general, the equivalent of the customers' original deposited funds comes back to the Corporation and are carried within the time deposits category. Scheduled maturities of time deposits as of December 31, 2024, are summarized as follows (in thousands):
Year |  | Maturities
2025 1 |  | $ | 591,926 |
2026 |  | 18,428 |
2027 2 |  | 11,726 |
2028 |  | 1,184 |
2029 |  | 648 |
2030 and thereafter |  | — |
Total |  | $ | 623,912 |
1 $80.0 million of 2025 maturities represent brokered deposits. 2 $9.5 million of 2027 maturities represent brokered deposits which are callable by the Corporation, monthly. Time deposits that meet or exceed the FDIC Insurance limit of $250 thousand as of December 31, 2024 and 2023 were $107.6 million and $81.0 million, respectively.

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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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