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DEPOSITS | 12 Months Ended
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Dec. 31, 2023
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract] |
DEPOSITS | DEPOSITS The following is a summary of deposits by type at December 31, 2023 and December 31, 2022, respectively:
|  | December 31, 2023 |  | December 31, 2022 |  |
Non interest bearing demand deposits |  | $ | 265,704 |  |  | $ | 284,722 |  |  |
Interest bearing demand deposits |  | 343,276 |  |  | 371,210 |  |  |
Savings accounts |  | 176,548 |  |  | 220,019 |  |  |
Money market accounts |  | 374,055 |  |  | 323,435 |  |  |
Certificate accounts |  | 359,509 |  |  | 225,334 |  |  |
Total deposits |  | $ | 1,519,092 |  |  | $ | 1,424,720 |  |  |
At December 31, 2023, the scheduled maturities of time deposits were as follows:
2024 |  | $ | 329,862 |
2025 |  | 20,612 |
2026 |  | 2,693 |
2027 |  | 636 |
2028 |  | 5,706 |
Total |  | $ | 359,509 |
Time deposits of $250 or more were $103,802 and $66,827 at December 31, 2023 and December 31, 2022, respectively. Brokered deposits were $98,259 and $39,841 at December 31, 2023 and December 31, 2022, respectively. Deposits from the Company’s directors, executive officers, principal stockholders and their affiliates held by the Bank at December 31, 2023 and December 31, 2022 amounted to $33,929, and $33,673, respectively.

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- 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//1943274/2147481047/942-405-50-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name Regulation S-K (SK) -Number 229 -Section 1406 -Paragraph (e) -Publisher SEC Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Name Regulation S-K (SK) -Number 229 -Section 1406 -Publisher SEC Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03.12) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479853/942-210-S99-1 + Details
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