| Interest-Bearing Deposits |
nterest-bearing deposits consist of the following: | | | | | | | | | | | | | December 31, | | (In thousands) | 2025 | | 2024 | | Interest-bearing demand deposits | $ | 583,375 | | | $ | 628,328 | | | Savings deposits | 5,822 | | | 6,894 | | | Time deposits: | | | | | Less than $100 | 2,702 | | | 5,376 | | | $100 to less than $250 | 69,534 | | | 54,411 | | $250 or more(1) | 25,166 | | | 21,677 | | | Total | $ | 686,599 | | | $ | 716,686 | | | Weighted average interest rate | 1.73 | % | | 2.51 | % |
(1)The scheduled maturities of time deposits not covered by deposit insurance consist of $24.4 million within one year and $778,000 within one to three years. Interest expense consists of the following: | | | | | | | | | | | | | | | | | | | December 31, | | (In thousands) | 2025 | | 2024 | | 2023 | | Interest-bearing demand deposits | $ | 13,153 | | | $ | 17,029 | | | $ | 14,056 | | | Savings deposits | 92 | | | 116 | | | 113 | | | Time deposits: | | | | | | | Less than $100 | 85 | | | 226 | | | 153 | | | $100 to less than $250 | 2,175 | | | 2,290 | | | 1,411 | | | $250 or more | 813 | | | 597 | | | 417 | | | Total | $ | 16,318 | | | $ | 20,258 | | | $ | 16,150 | |
The scheduled maturities of time deposits are summarized as follows: | | | | | | | | | | | | | | | | | | | | | | | | | December 31, | | 2025 | | 2024 | | (In thousands) | Amount | | Percent of Total | | Amount | | Percent of Total | | Due within: | | | | | | | | | One year | $ | 95,778 | | | 98.3 | % | | $ | 75,628 | | | 92.7 | % | | Two years | 1,547 | | | 1.6 | % | | 5,749 | | | 7.1 | % | | Three years | 10 | | | — | % | | 26 | | | 0.1 | % | | Four years | 63 | | | 0.1 | % | | — | | | — | % | | Five years | 4 | | | — | % | | 61 | | | 0.1 | % | | Total | $ | 97,402 | | | 100.0 | % | | $ | 81,464 | | | 100.0 | % |
|