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Deposits (Tables)
12 Months Ended
Dec. 31, 2023
Deposits [Abstract]  
Composition Of Deposits

The composition of deposits at December 31, 2023 and December 31, 2022 was as follows:

 

 

 

December 31, 2023

 

 

December 31, 2022

 

 

 

(in thousands)

 

Noninterest bearing demand deposits

 

$

436,619

 

 

$

478,750

 

Savings and interest bearing demand deposits:

 

 

 

 

 

 

NOW accounts

 

$

253,353

 

 

$

189,144

 

Money market accounts

 

 

263,633

 

 

 

265,290

 

Regular savings accounts

 

 

139,453

 

 

 

172,997

 

 

$

656,439

 

 

$

627,431

 

Time deposits:

 

 

 

 

 

 

Balances of less than $250,000

 

$

257,418

 

 

$

87,531

 

Balances of $250,000 or greater

 

 

155,846

 

 

 

70,363

 

 

$

413,264

 

 

$

157,894

 

 

$

1,506,322

 

 

$

1,264,075

 

Maturities Of Time Deposits

The outstanding balance of time deposits at December 31, 2023 was due as follows:

 

 

 

December 31, 2023

 

 

 

(in thousands)

 

2024

 

$

402,814

 

2025

 

 

5,019

 

2026

 

 

2,450

 

2027

 

 

1,844

 

2028

 

 

327

 

Thereafter

 

 

810

 

 

$

413,264