v3.25.4
Deposits
12 Months Ended
Dec. 31, 2025
Deposits  
Deposits

8. Deposits

The following table summarizes deposits as of December 31, 2025 and 2024:

(in thousands)

  ​ ​ ​

2025

  ​ ​ ​

2024

Balance

Percent

Balance

Percent

Non-Interest-bearing deposits:

$

453,036

  ​ ​ ​

26%

$

426,737

  ​ ​ ​

27%

Interest-bearing deposits:

Demand

392,823

23%

386,803

25%

Money market- retail

529,870

30%

447,149

28%

Money market- brokered

1

0%

1

0%

Savings deposits

158,461

9%

170,972

11%

Time deposits- retail

150,958

9%

143,167

9%

Time deposits- brokered

50,000

3%

Total Deposits

$

1,735,149

100%

$

1,574,829

100%

Time deposits that met or exceeded the FDIC insurance limit of $250,000 at December 31, 2025 and 2024 totaled $51.1 million and $43.7 million, respectively.  At December 31, 2025 and 2024, $0.5 million and $0.2 million, respectively, of deposit overdrafts were re-classified as loans.

The following is a summary of the scheduled maturities of all time deposits maturing within the following years ended  December 31:

(in thousands)

Time deposits- brokered

Time deposits- retail

2026

$

50,000

$

132,040

2027

14,263

2028

3,971

2029

309

2030

375

Total

$

50,000

$

150,958

In the ordinary course of business, executive officers and directors of the Corporation, including their families and companies in which certain directors are principal owners, were deposit customers of the Bank. At December 31, 2025, executive officers and directors had approximately $12.7 million in deposits with the Bank compared to $11.9 million at December 31, 2024.