XML 76 R14.htm IDEA: XBRL DOCUMENT v3.24.1.u1

DEPOSITS

3 Months Ended

Mar. 31, 2024

Deposits [Abstract]

DEPOSITS

DEPOSITS

The following is a summary of deposits by type at March 31, 2024 and December 31, 2023, respectively: 

						March 31, 2024						December 31, 2023
Non-interest bearing demand deposits						$	248,537					$	265,704
Interest bearing demand deposits						361,278						343,276
Savings accounts						177,595						176,548
Money market accounts						387,879						374,055
Certificate accounts						352,200						359,509
Total deposits						$	1,527,489					$	1,519,092

At March 31, 2024, the scheduled maturities of certificate accounts were as follows for the year ended, except December 31, 2024, which is the nine months ended:

December 31, 2024						$	311,938
December 31, 2025						30,976
December 31, 2026						2,770
December 31, 2027						641
December 31, 2028						5,782
After December 31, 2028						93
Total						$	352,200

Certificate accounts of $250 or more were $89,678 and $103,802 at March 31, 2024 and December 31, 2023, respectively.

Brokered deposits were $83,936 at March 31, 2024 and consisted of $43,507 of brokered certificate accounts and $40,429 of brokered money market accounts. Brokered Deposits were $98,259 at December 31, 2023 and consisted of $58,209 of brokered certificate accounts and $40,050 of brokered money market accounts.

At March 31, 2024, the scheduled maturities of brokered certificate accounts were as follows for the year ended, except December 31, 2024, which is the nine months ended:

December 31, 2024						$	29,384
December 31, 2025 (1)						8,634
December 31, 2028 (1)						5,489
Total						$	43,507

(1) The Company can call the brokered certificate accounts maturing in the years ended December 31, 2025 and 2028, monthly beginning in March 2024.

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//1943274/2147481047/942-405-50-1

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

Name:	us-gaap_DepositLiabilitiesDisclosuresTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_DepositsAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration