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Deposits (Tables)
6 Months Ended
Jun. 30, 2024
Deposits [Abstract]  
Composition of Deposits

The composition of deposits at June 30, 2024 and December 31, 2023 was as follows:

 

 

 

June 30, 2024

 

 

December 31, 2023

 

 

 

(in thousands)

 

Noninterest bearing demand deposits

 

$

415,017

 

 

$

436,619

 

Savings and interest bearing demand deposits:

 

 

 

 

 

 

NOW accounts

 

$

257,819

 

 

$

253,353

 

Money market accounts

 

 

255,481

 

 

 

263,633

 

Regular savings accounts

 

 

134,058

 

 

 

139,453

 

 

$

647,358

 

 

$

656,439

 

Time deposits:

 

 

 

 

 

 

Balances of less than $250,000

 

$

267,837

 

 

$

257,418

 

Balances of $250,000 and more

 

 

158,372

 

 

 

155,846

 

 

$

426,209

 

 

$

413,264

 

 

$

1,488,584

 

 

$

1,506,322