Note 3 - Deposits |
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Jun. 30, 2025 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notes to Financial Statements | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Deposit Liabilities Disclosures [Text Block] |
Note 3. Deposits
A summary of deposit balances by type as of June 30, 2025 and December 31, 2024 is as follows:
Time deposits that exceed the Federal Deposit Insurance Corporation (“FDIC”) insurance limit of $250,000 at June 30, 2025 and December 31, 2024, were $1,714,000 and $1,671,000 respectively.
At June 30, 2025, the scheduled maturities of time deposits were as follows:
During the normal course of business, the Company accepts deposits from members of the Board of Directors and officers. As of June 30, 2025 and December 31,2024, these deposits totaled $4,777,000 and $4,706,000. As of June 30, 2025 and December 31, 2024, one customer represented 24% and 16% of the total deposits outstanding, respectively. |