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DEPOSITS | 3 Months Ended
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Mar. 31, 2025
Deposits [Abstract] |
DEPOSITS | DEPOSITS The following is a summary of deposits by type at March 31, 2025 and December 31, 2024, respectively:
|  | March 31, 2025 |  | December 31, 2024 |  |
Non-interest bearing demand deposits |  | $ | 253,343 |  |  | $ | 252,656 |  |  |
Interest bearing demand deposits |  | 386,302 |  |  | 355,750 |  |  |
Savings accounts |  | 167,614 |  |  | 159,821 |  |  |
Money market accounts |  | 370,741 |  |  | 369,534 |  |  |
Certificate accounts |  | 345,654 |  |  | 350,387 |  |  |
Total deposits |  | $ | 1,523,654 |  |  | $ | 1,488,148 |  |  |
At March 31, 2025, the scheduled maturities of certificate accounts were as follows for the year ended, except December 31, 2025, which is the nine months ended:
December 31, 2025 |  | $ | 305,088 |
December 31, 2026 |  | 32,438 |
December 31, 2027 |  | 1,266 |
December 31, 2028 |  | 6,317 |
December 31, 2029 |  | 418 |
After December 31, 2029 |  | 127 |
Total |  | $ | 345,654 |
Certificate accounts of $250 or more were $59,438 and $68,977 at March 31, 2025 and December 31, 2024, respectively. Brokered deposits were $10,542 at March 31, 2025 and consisted of $5,489 of brokered certificate accounts and $5,053 of brokered money market accounts. Brokered Deposits were $19,125 at December 31, 2024 and consisted of $14,123 of brokered certificate accounts and $5,002 of brokered money market accounts. At March 31, 2025, there was one brokered certificate account, totaling $5,489, maturing in the year ended, December 31, 2028. The Company can call this brokered certificate prior to the maturity date, with 15 calendar days prior written notice to the Payee.

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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/1943274/2147478353/942-405-50-1 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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