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Deposits | 6 Months Ended
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Jun. 30, 2024
Deposits [Abstract] |
Deposits | 5. Deposits Depositor account balances as of June 30, 2024 and December 31, 2023 are summarized as follows:
|  | June 30, 2024 |  |  | December 31, 2023 |
Negotiable order of withdrawal (NOW) |  | $ | 252,748 |  |  | $ | 268,379 |
Savings accounts |  |  | 121,728 |  |  |  | 127,213 |
Money market |  |  | 103,333 |  |  |  | 108,778 |
|  |  | 477,809 |  |  |  | 504,370 |
Certificates of deposit |  |  | 193,785 |  |  |  | 174,362 |
Wholesale and brokered certificates of deposit |  |  | 99,029 |  |  |  | 90,556 |
|  | $ | 770,623 |  |  | $ | 769,288 |
The weighted average interest rate on depositor accounts as of June 30, 2024 and December 31, 2023 wa s 1.50% and 1.23%, respectively. Included in deposits are certificates of deposit in amounts greater than $250,000 totaling $40 million of account balance and approximately $1.7 million in annual interest expenses for June 30, 2024 and $23 million of account balance and approximately $891 thousand in annual interest expense for December 31, 2023. The scheduled maturities of all certificates of deposit at June 30, 2024 were as follows:
2024 |  | $ | 141,894 |
2025 |  |  | 105,495 |
2026 |  |  | 23,497 |
2027 |  |  | 15,579 |
2028 |  |  | 2,296 |
2029 |  |  | 4,053 |
Total |  | $ | 292,814 |

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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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- References No definition available. + Details
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