Concentrations |
3 Months Ended |
|---|---|
Mar. 31, 2025 | |
| Concentrations [Abstract] | |
| Concentrations |
NOTE 12 –
Concentrations
The Bank has a significant concentration of deposits with five
customers that accounted for approximately 21% and 18% of its deposits as of March 31, 2025 and December 31, 2024, respectively. The Bank also has a significant concentration of short-term borrowings from one customer that accounted for 90% and 88% of the outstanding balance of securities sold under agreements to repurchase as of March 31, 2025 and December 31, 2024, respectively. The Company expects to maintain the relationships with these customers for the foreseeable future.
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