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Deposits

6 Months Ended

Jun. 30, 2024

Deposits [Abstract]

Deposits

Deposits

The following table presents the balance of deposits held, by category as of June 30, 2024 and December 31, 2023.

(In thousands)						June 30, 2024						December 31, 2023
Non-interest bearing						$	93,736					$	110,056
Interest bearing:
Negotiable order of withdrawal accounts						26,354						33,035
Savings deposits						39,456						44,104
Interest bearing DDA						227,253						171,577
Money market						167,836						200,280
Certificates of deposit, $250,000 or less						162,361						175,988
Certificates of deposit, more than $250,000						62,704						64,745
Brokered deposits						21,202						40,526
Interest bearing, Total						707,166						730,255
Total Deposits						$	800,902					$	840,311

The deposits from Digital Payments division are included in the non-interest-bearing deposits, interest bearing DDA and money market deposits, and totaled approximately $255.8 million and $213.4 million as of June 30, 2024 and December 31, 2023, respectively.

As of June 30, 2024, contractual maturities of Certificates of Deposit (“CDs”), and brokered deposits is summarized as follows:

(In thousands)			Certificates of Deposit $250,000 or less						Certificates of Deposit more than $250,000						Brokered Deposits						Total
1 year or less			$	141,847					$	50,467					$	14,529					$	206,843
More than 1 year through 2 years			17,207						9,335						251						26,793
More than 2 years through 3 years			3,056						2,902						6,422						12,380
More than 3 years through 4 years			70						—						—						70
More than 4 years through 5 years			181						—						—						181
			$	162,361					$	62,704					$	21,202					$	246,267

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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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X

- References

No definition available.

+ Details

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