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Note 5 - Deposits

3 Months Ended

Mar. 31, 2026

Notes to Financial Statements

Deposit Liabilities Disclosures [Text Block]

Note 5 - Deposits

Deposits and weighted-average interest rates at the dates indicated are as follows:

		March 31, 2026								December 31, 2025
(dollars in thousands)		Amount				Weighted-Average Interest Rate				Amount				Weighted-Average Interest Rate
Noninterest-bearing demand deposits		$	238,901				—	%		$	245,760				—	%
Interest-bearing demand deposits			157,565				0.20				143,166				0.19
Money market accounts			449,353				2.11				451,143				2.12
Savings accounts			246,533				1.45				239,258				1.39
Certificates of deposit, customer			445,110				3.60				433,264				3.63
Certificates of deposit, brokered			64,120				4.20				86,510				4.22
Total deposits		$	1,601,582				2.00			$	1,599,101				2.04

The aggregate amount of time deposits issued in excess of the Federal Deposit Insurance Corporation ("FDIC") insured limit, currently $250,000, at  March 31, 2026 and December 31, 2025, was $173.4 million and $164.2 million, respectively.

Maturities of certificates at the dates indicated are as follows:

(dollars in thousands)		March 31, 2026				December 31, 2025
Within one year or less		$	462,799			$	450,819
After one year through two years			38,464				59,588
After two years through three years			4,310				5,483
After three years through four years			1,457				2,211
After four years through five years			2,200				1,673
Total certificates of deposit		$	509,230			$	519,774

At  March 31, 2026 and December 31, 2025, deposits included $114.0 million and $113.6 million, respectively, in public fund deposits. The Bank had an outstanding letter of credit from the Federal Home Loan Bank of Des Moines ("FHLB") with a notional amount of $60.0 million at  March 31, 2026 and December 31, 2025, to collateralize public deposits. This letter of credit exceeds the minimum collateral requirements established by the Washington Public Deposit Protection Commission. Also included in deposits at  March 31, 2026 and December 31, 2025, were funds held by federally recognized tribes totaling $31.1 million and $31.3 million, respectively. Investment securities with a carrying value of $32.4 million and $40.7 million were pledged as collateral for these deposits at  March 31, 2026 and December 31, 2025, respectively. These investment securities exceed the minimum collateral requirements established by the Bureau of Indian Affairs. 

Interest on deposits by type for the periods shown was as follows:

		Three Months Ended March 31,
(dollars in thousands)		2026				2025
Demand deposits		$	72			$	260
Money market accounts			2,343				2,345
Savings accounts			871				783
Certificates of deposit, customer			3,892				4,522
Certificates of deposit, brokered			752				1,827
Total interest expense on deposits		$	7,930			$	9,737

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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://www.xbrl.org/2009/role/commonPracticeRef
-Topic 942
-SubTopic 405
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478353/942-405-50-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Name Regulation S-K (SK)
-Number 229
-Section 1406
-Paragraph e
-Publisher SEC

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Name Regulation S-K (SK)
-Number 229
-Section 1406
-Publisher SEC

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- References

No definition available.

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