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Deposits | 12 Months Ended
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Dec. 31, 2024
Deposits [Abstract] |
Deposits | Note 8 – Deposits The distribution of deposits at December 31, 2024 and 2023 were as follows:
|  | December 31,
|  |  | 2024 |  |  | 2023
|  | (In Thousands)
Demand: |  |  |  |  |  |
Non-interest bearing |  | $ | 520,387 |  | $ | 536,264
Interest bearing |  |  | 553,731 |  |  | 564,912
Money market |  |  | 395,004 |  |  | 370,934
|  |  | 1,469,122 |  |  | 1,472,110
Savings and club |  |  | 252,491 |  |  | 284,273
Certificates of deposit |  |  | 1,029,245 |  |  | 1,222,697
|  | $ | 2,750,858 |  | $ | 2,979,080
Deposits of certain municipalities and local government agencies are collateralized by $32.2 million of investment securities and by a $320.0 million Municipal Letter of Credit with the FHLB. At December 31, 2024, and 2023, certificates of deposit of $250,000 or more totaled approximately $398.0 million and $341.9 million, respectively. At December 31, 2024, deposits from officers, directors and their associates totaled approximately $69.3 million. The scheduled maturities of certificates of deposit at December 31, 2024, were as follows (In thousands):
|  | Amount
2025 | $ | 1,001,024
2026 |  | 23,500
2027 |  | 2,228
2028 |  | 1,112
2029 |  | 816
Thereafter |  | 565
| $ | 1,029,245
As of December 31, 2024, and 2023, the Company had $177.6 and $505.4 million in brokered certificate deposits, respectively. The Company had no brokered demand deposits at December 31, 2024 and 2023. Reciprocal deposits are not considered brokered deposits under applicable regulations.

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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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