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Deposits
6 Months Ended
Jun. 30, 2025
Deposits [Abstract]  
Deposits
5.
Deposits

Deposits consisted of the following at June 30, 2025 and December 31, 2024:

(Dollars in thousands)

 

June 30, 2025

 

 

December 31, 2024

 

NOW and demand deposits

 

$

158,474

 

 

$

161,859

 

Money market deposits

 

 

67,742

 

 

 

71,107

 

Savings deposits

 

 

83,608

 

 

 

85,511

 

Time deposits of $250,000 and greater

 

 

17,954

 

 

 

18,822

 

Time deposits less than $250,000

 

 

144,486

 

 

 

116,909

 

 

 

$

472,264

 

 

$

454,208

 

At June 30, 2025, the scheduled maturities of time deposits were as follows:

(Dollars in thousands)

 

Total

 

2025

 

$

38,735

 

2026

 

 

81,999

 

2027

 

 

31,292

 

2028

 

 

10,186

 

2029

 

 

117

 

2030

 

 

111

 

 

 

$

162,440

 

There were $87.4 million and $63.1 million of brokered time deposits which were bifurcated into amounts below the FDIC insurance limit at June 30, 2025 and December 31, 2024, respectively. Additionally, there were $22.0 million and $22.1 million of brokered deposits included in savings deposits at June 30, 2025 and December 31, 2024, respectively. Reciprocal deposits were $5.5 million and $6.0 million at June 30, 2025 and December 31, 2024, respectively.

Deposits from related parties totaled $10.4 million and $11.6 million at June 30, 2025 and December 31, 2024, respectively.