v3.25.2
Deposits
6 Months Ended
Jun. 30, 2025
Deposits [Abstract]  
Deposits

Note 5 - Deposits

Deposits consist of the following at the dates indicated:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30, 2025

 

December 31, 2024

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted

 

 

 

 

 

Weighted

 

 

 

 

 

Average

 

 

 

 

 

Average

 

Amount

 

 

Rate

 

Amount

 

 

Rate

 

(Dollars in thousands)

Demand deposits:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Non-interest bearing

$

 

91,459

 

 

 

 

%

 

$

 

96,412

 

 

 

 

%

Interest bearing

 

 

66,284

 

 

 

0.10

 

 

 

 

 

65,020

 

 

 

0.09

 

 

Money market accounts

 

 

158,628

 

 

 

2.56

 

 

 

 

 

149,550

 

 

 

2.26

 

 

Savings accounts

 

 

97,655

 

 

 

0.06

 

 

 

 

 

54,322

 

 

 

0.06

 

 

Time deposits

 

 

213,473

 

 

 

3.57

 

 

 

 

 

207,674

 

 

 

3.96

 

 

 

$

 

627,499

 

 

 

1.88

 

%

 

$

 

572,978

 

 

 

2.04

 

%

 

In connection with the Company's second-step conversion and related stock offering, $43.7 million of funds were collected and held on deposit in a segregated account and are included as savings deposits as of June 30, 2025.