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Deposits

12 Months Ended

Dec. 31, 2024

Deposits [Abstract]

Deposits

NOTE 7. Deposits

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

		December 31, 2024				December 31, 2023
		(in thousands)
Noninterest bearing demand deposits		$	406,180			$	436,619
Savings and interest bearing demand deposits:
NOW accounts		$	278,835			$	253,353
Money market accounts			269,115				263,633
Regular savings accounts			131,380				139,453
		$	679,330			$	656,439
Time deposits:
Balances of less than $250,000		$	293,864			$	257,418
Balances of $250,000 or greater			195,782				155,846
		$	489,646			$	413,264
		$	1,575,156			$	1,506,322

Savings and interest bearing demand deposits included $152.0 million and $115.7 million in reciprocal deposits at December 31, 2024 and 2023, respectively. Time deposits with balances of less than $250,000 included $30.0 million and $30.1 million in brokered certificates of deposit at December 31, 2024 and 2023, respectively.

The outstanding balance of time deposits at December 31, 2024 was due as follows:

		December 31, 2024
		(in thousands)
2025		$	458,897
2026			21,303
2027			7,494
2028			330
2029			1,387
Thereafter			235
		$	489,646

Deposit overdrafts reclassified as loans totaled $309 thousand and $253 thousand at December 31, 2024 and 2023, 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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X

- References

No definition available.

+ Details

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Balance Type:	na
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