Note 5 - Deposits |
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Deposit Liabilities Disclosures [Text Block] |
Note 5 - Deposits
Deposits and weighted-average interest rates at the dates indicated are as follows:
The aggregate amount of time deposits in excess of the Federal Deposit Insurance Corporation ("FDIC") insured limit, currently $250,000, at June 30, 2025 and December 31, 2024, was $170.0 million and $174.4 million, respectively.
Maturities of certificates at the dates indicated are as follows:
At June 30, 2025 and December 31, 2024, deposits included $120.9 million and $100.8 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 June 30, 2025 and December 31, 2024, 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 June 30, 2025 and December 31, 2024, were funds held by federally recognized tribes totaling $35.5 million and $20.1 million, respectively. Investment securities with a carrying value of $38.9 million and $22.8 million were pledged as collateral for these deposits at June 30, 2025 and December 31, 2024, 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:
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