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Deposits

12 Months Ended

Dec. 31, 2024

Deposits

(11) Deposits

The following table presents the maturities of certificates of deposit at December 31, 2024:

Schedule of Maturities of Time Deposit 

Year		Amount
(Dollars in thousands)
Year		Amount
2025			180,953
2026			8,416
2027			2,522
2028			2,311
2029			490
Thereafter			2
Total		$	194,694

The aggregate amount of certificate of deposit in denominations of $250,000 or more at December 31, 2024 and 2023 was $52.2 million and $50.2 million, respectively. As of December 31, 2024, the Company had $91.4 million in brokered deposits compared to $83.2 million at December 31, 2023.

The components of interest expense associated with deposits are as follows:

Schedule of Interest Expense Associated with Deposits 

		2024				2023				2022
(Dollars in thousands)		Years ended December 31,
		2024				2023				2022
Certificates of deposit		$	8,494			$	4,310			$	412
Money market and checking			13,628				10,818				2,318
Savings			188				126				46
Total		$	22,310			$	15,254			$	2,776

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

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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Namespace Prefix:	us-gaap_
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Balance Type:	na
Period Type:	duration