v3.25.2
Customer Deposits (Tables)
 6 Months Ended
Jun. 30, 2025
Deposits [Abstract]  
Schedule of Average Balances and Weighted Average Rates Paid on Deposits
The following table presents average balances and weighted average rates paid on deposits for the periods indicated:
Three Months Ended June 30, 2025
20252024
(Amounts in thousands)Average BalanceAverage Rate PaidAverage BalanceAverage Rate Paid
Notice$82,670 3.80 %$2,416 2.85 %
Term326,044 4.57 %22,169 3.96 %
Savings437 2.70 %4,154 2.11 %
Total Deposits$409,151 3.69 %$28,739 2.97 %
Six Months Ended June 30, 2025
20252024
(Amounts in thousands)Average BalanceAverage Rate PaidAverage BalanceAverage Rate Paid
Notice$65,410 3.75 %$2,413 2.85 %
Term248,019 4.64 %13,805 3.87 %
Savings492 2.11 %4,211 2.20 %
Total Deposits$313,921 3.50 %$20,429 2.97 %
Schedule of Maturities of Customer Deposits
The following table presents maturities of customer deposits:
(Amounts in thousands)As of June 30, 2025
Demand deposits
$114,777 
Maturing In:
20251,476 
2026113,888 
2027118,834 
202862,581 
202930,419 
Thereafter40,385 
Total$482,360 
Schedule of Interest Expense on Deposits
Interest expense on deposits is recorded in interest expense in the condensed consolidated statements of operations and comprehensive loss for the periods indicated as follows:
Three Months Ended June 30,Six Months Ended June 30, 2025
(Amounts in thousands)2025202420252024
Notice$853 $21 $1,316 $45 
Term3,499 218 5,041 270 
Savings— 28 — 57 
Total Interest Expense$4,352 $267 $6,357 372