v3.25.2
Deposits (Tables)
 6 Months Ended
Jun. 30, 2025
Deposits [Abstract]  
Schedule of Deposit Liabilities
At June 30, 2025 and December 31, 2024, deposits consisted of the following:
June 30, 2025December 31, 2024
(In thousands)
Noninterest bearing demand deposit accounts$397,195 $321,875 
Interest bearing accounts:
NOW118,019 105,090 
Money market875,457 899,413 
Savings91,612 90,220 
Time certificates of deposit1,276,998 1,370,972 
Total interest bearing accounts2,362,086 2,465,695 
Total deposits$2,759,281 $2,787,570 
Schedule of Time Deposits Maturity Schedule
Maturities of time certificates of deposit as of June 30, 2025 and December 31, 2024 are summarized below:
June 30, 2025December 31, 2024
(In thousands)
2025$691,518 $1,348,808 
2026583,143 4,887 
20271,523 1,030 
2028756 6,222 
2029 and thereafter58 10,025 
Total$1,276,998 $1,370,972 
Schedule of Interest Expense
The following table summarizes interest expense on deposits by account type for the three and six months ended June 30, 2025 and 2024:
Three Months Ended June 30,Six Months Ended June 30,
2025202420252024
(In thousands)
NOW$77 $49 $187 $88 
Money market8,579 8,552 17,100 17,698 
Savings667 688 1,325 1,402 
Time certificates of deposits13,760 15,388 29,243 30,851 
Total interest expense on deposits$23,083 $24,677 $47,855 $50,039