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Deposits (Tables)
6 Months Ended
Jun. 30, 2025
Deposits [Abstract]  
Composition of Deposits

The composition of deposits at June 30, 2025 and December 31, 2024 was as follows:

 

 

 

June 30, 2025

 

 

December 31, 2024

 

 

 

(in thousands)

 

Noninterest bearing demand deposits

 

$

574,596

 

 

$

406,180

 

Savings and interest bearing demand deposits:

 

 

 

 

 

 

NOW accounts

 

$

336,653

 

 

$

278,835

 

Money market accounts

 

 

262,622

 

 

 

269,115

 

Regular savings accounts

 

 

129,095

 

 

 

131,380

 

 

$

728,370

 

 

$

679,330

 

Time deposits:

 

 

 

 

 

 

Balances of less than $250,000

 

$

285,217

 

 

$

293,864

 

Balances of $250,000 and more

 

 

178,341

 

 

 

195,782

 

 

$

463,558

 

 

$

489,646

 

 

$

1,766,524

 

 

$

1,575,156