v3.25.2
Note 3 - Deposits
6 Months Ended
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:

 

  

June 30, 2025

  

December 31, 2024

 
  

(dollars in thousands)

 

Noninterest-bearing deposits

 $868  $1,683 

Interest-bearing demand deposits

  6,517   6,723 

Savings deposits

  1,913   11,548 

Time deposits

  7,065   9,581 
  $16,363  $29,535 

 

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:

 

Year Ending

 

Amount

 
  

(dollars in thousands)

 

2025

 $4,467 

2026

  2,339 

2027

  184 

2028

  45 

2029

  5 

2030 and thereafter

  25 

Total time deposits

 $7,065 

 

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.