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v3.23.3

Deposits (Tables) | 9 Months Ended
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Sep. 30, 2023
Deposits [Abstract] |
Composition of Deposits | The composition of deposits at September 30, 2023 and December 31, 2022 was as follows:
|  | September 30, 2023 |  |  | December 31, 2022 |
|  | (in thousands) |
Noninterest bearing demand deposits |  | $ | 430,910 |  |  | $ | 478,750 |
Savings and interest bearing demand deposits: |  |  |  |  |  |
NOW accounts |  | $ | 188,330 |  |  | $ | 167,197 |
Money market accounts |  |  | 325,712 |  |  |  | 220,498 |
Regular savings accounts |  |  | 142,069 |  |  |  | 239,736 |
|  | $ | 656,111 |  |  | $ | 627,431 |
Time deposits: |  |  |  |  |  |
Balances of less than $250,000 |  | $ | 265,856 |  |  | $ | 87,531 |
Balances of $250,000 and more |  |  | 145,503 |  |  |  | 70,363 |
|  | $ | 411,359 |  |  | $ | 157,894 |
|  | $ | 1,498,380 |  |  | $ | 1,264,075 |

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