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Deposits (Tables) | 9 Months Ended
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Sep. 30, 2024
Deposits [Abstract] |
Composition of Deposits | The composition of deposits at September 30, 2024 and December 31, 2023 was as follows:
|  | September 30, 2024 |  |  | December 31, 2023 |
|  | (in thousands) |
Noninterest bearing demand deposits |  | $ | 413,615 |  |  | $ | 436,619 |
Savings and interest bearing demand deposits: |  |  |  |  |  |
NOW accounts |  | $ | 258,135 |  |  | $ | 253,353 |
Money market accounts |  |  | 265,703 |  |  |  | 263,633 |
Regular savings accounts |  |  | 131,763 |  |  |  | 139,453 |
|  | $ | 655,601 |  |  | $ | 656,439 |
Time deposits: |  |  |  |  |  |
Balances of less than $250,000 |  | $ | 291,311 |  |  | $ | 257,418 |
Balances of $250,000 and more |  |  | 185,409 |  |  |  | 155,846 |
|  | $ | 476,720 |  |  | $ | 413,264 |
|  | $ | 1,545,936 |  |  | $ | 1,506,322 |

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