XML 62 R44.htm IDEA: XBRL DOCUMENT v3.25.1
Deposits (Tables)
 12 Months Ended
Dec. 31, 2024
Statistical Disclosure for Banks [Abstract]  
Schedule of Deposit Liabilities, Type
The following table presents the balance of deposits held, by category, and the related weighted average stated interest rate as of December 31, 2024 and 2023.
December 31, 2024December 31, 2023
(In thousands)Deposit BalanceWeighted Avg.
Stated Interest Rate		Deposit BalanceWeighted Avg.
Stated Interest Rate
Non-interest bearing$119,212 — $110,056 — 
Interest bearing:
Negotiable order of withdrawal accounts31,549 0.09 %33,035 0.94 %
Savings deposits38,743 1.41 %44,104 0.83 %
Interest bearing DDA205,995 2.07 %171,577 2.46 %
Money market262,023 3.73 %200,280 1.92 %
Certificates of deposit, $250,000 or less174,095 4.31 %175,988 4.16 %
Certificates of deposit, more than $250,00065,278 4.62 %64,745 4.63 %
Brokered deposits69,702 4.34 %40,526 5.34 %
Interest bearing, Total847,385 3.32 %730,255 2.89 %
Total Deposits$966,597 2.91 %$840,311 2.51 %
Schedule of Interest Expenses on Deposits Liabilities Type
The following table presents interest expense, by deposit category, and the related weighted average effective interest rate for each of the years in the three-year period ended December 31, 2024.
(In thousands)Year ended December 31,
202420232022
Interest
Expense 		Weighted
Avg. Effective
Interest Rate 		Interest
Expense 		Weighted
Avg. Effective
Interest Rate 		Interest
Expense 		Weighted
Avg. Effective
Interest Rate
Negotiable order of withdrawal accounts$23 0.08 %$198 0.57 %$23 0.07 %
Savings456 1.14 %2,290 3.92 %1,028 1.02 %
Interest bearing DDA5,431 2.69 %1,002 3.37 %— — %
Money market7,141 4.03 %7,766 2.74 %1,973 1.09 %
Certificates of deposit, less than $250,0007,265 4.40 %5,226 2.83 %1,411 0.79 %
Certificates of deposit, $250,000 or greater3,418 4.81 %1,987 3.14 %400 0.68 %
Brokered deposits2,315 4.65 %3,199 4.02 %465 1.39 %
$26,049 3.55 %$21,668 3.05 %$5,300 0.93 %
Schedule of Contractual Obligation, Fiscal Year Maturity
As of December 31, 2024, contractual maturities of Certificates of Deposit (“CDs”) and brokered deposits are 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$144,766 $53,494 $14,959 $213,219 
More than 1 year through 2 years24,904 9,632 49,701 84,237 
More than 2 years through 3 years4,097 2,152 5,042 11,291 
More than 3 years through 4 years205 — — 205 
More than 4 years through 5 years123 — — 123 
$174,095 $65,278 $69,702 $309,075