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DEPOSITS

12 Months Ended

Dec. 31, 2024

DEPOSITS

Note 9—DEPOSITS

The Company’s total deposits are comprised of the following at the dates indicated:

Schedule of Deposits

		December 31,				December 31,
(Dollars in thousands)		2024				2023
Non-interest bearing deposits		$	462,717			$	432,333
Interest bearing demand deposits and money market accounts			770,595				707,434
Savings			113,928				118,623
Time deposits			328,661				252,611
Total deposits		$	1,675,901			$	1,511,001

Time deposits above include $10.4 million and $48.1 million in brokered deposits as of December 31, 2024 and December 31, 2023, respectively.

At December 31, 2024, the scheduled maturities of time deposits are as follows:

Schedule of Scheduled Maturities of Time Deposits

(Dollars in thousands)
2025		$	318,184
2026			4,818
2027			3,632
2028			1,345
2029 and after			682
Total		$	328,661

Time deposits that meet or exceed the FDIC insurance limit of $250 thousand at December 31, 2024 and December 31, 2023 were $89.0 million and $51.1 million, respectively.

Deposits from directors and executive officers and their related interests at December 31, 2024 and 2023 amounted to approximately $17.6 million and $18.0 million, respectively.

The amount of overdrafts classified as loans at December 31, 2024 and 2023 were $57 thousand and $75 thousand, respectively.

X

- 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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Balance Type:	na
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