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DEPOSITS

3 Months Ended

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

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- References

No definition available.

+ Details

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