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Deposits

3 Months Ended

Mar. 31, 2025

Deposits [Abstract]

Deposits

Deposits

The following table presents the balance of deposits held, by category as of March 31, 2025 and December 31, 2024:

(In thousands)						March 31, 2025						December 31, 2024
Non-interest bearing						$	80,363					$	119,212
Interest bearing:
Negotiable order of withdrawal accounts						25,228						31,549
Savings deposits						38,362						38,743
Interest bearing DDA						131,299						205,995
Money market						267,478						262,023
Certificates of deposit, $250,000 or less						182,919						174,095
Certificates of deposit, more than $250,000						67,102						65,278
Brokered deposits						69,683						69,702
Interest bearing, Total						782,071						847,385
Total Deposits						$	862,434					$	966,597

The deposits from Digital Payments Division are included in the non-interest-bearing deposits, interest bearing DDA and money market deposits, and totaled approximately $161.1 million and $265.5 million as of March 31, 2025 and December 31, 2024, respectively. Interest Bearing DDA is net of deposits sold through the IntraFi network. There were $116.9 million in deposits sold as of March 31, 2025, and no deposits sold as of December 31, 2024.

As of March 31, 2025, 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			$	152,650					$	54,789					$	37,716					$	245,155
More than 1 year through 2 years			26,966						11,812						31,967						70,745
More than 2 years through 3 years			3,057						501						—						3,558
More than 3 years through 4 years			140						—						—						140
More than 4 years through 5 years			106						—						—						106
			$	182,919					$	67,102					$	69,683					$	319,704

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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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