v3.25.2
Deposits
6 Months Ended
Jun. 30, 2025
Deposits  
Deposits

Note 5 — Deposits

A summarized analysis of the Bank’s deposits at June 30, 2025 and December 31, 2024:

    

June 30, 2025

    

December 31, 2024

Non-interest bearing demand accounts

$

687,120

$

651,135

Interest-bearing demand accounts

 

429,330

 

331,115

Money market accounts

 

693,148

 

679,082

Savings accounts

 

322,832

 

271,014

Certificates of Deposit

 

144,293

 

221,013

Total deposits

$

2,276,723

$

2,153,359

Time deposits that meet or exceed the FDIC insurance limit of $250 thousand at June 30, 2025 and December 31, 2024 were $10.6 million and $11.6 million, respectively.

Scheduled maturities of time deposits for the next five years as of June 30, 2025, are as follows:

2025

    

$

125,630

2026

9,317

2027

 

2,199

2028

 

7,147

$

144,293

Deposits of executive officers, directors and principal officers of the Company, including their immediate families and companies in which they are affiliated, amounted to $10.5 million and $19.4 million at June 30, 2025 and December 31, 2024, respectively.