v3.26.1
Note 8 - Deposits
12 Months Ended
Dec. 31, 2025
Notes to Financial Statements  
Deposit Liabilities Disclosures [Text Block]

NOTE 8. DEPOSITS

 

Deposits consisted of the following as of the dates presented (dollars in thousands).

 

  

December 31,

 
  

2025

  

2024

 

Noninterest-bearing demand deposits

 $445,986  $432,143 

Interest-bearing demand deposits

  608,807   554,777 

Money market deposits

  255,500   191,548 

Brokered demand deposits

  2   47,320 

Savings deposits

  136,124   134,879 

Brokered time deposits

  204,069   245,520 

Time deposits

  699,761   739,757 

Total deposits

 $2,350,249  $2,345,944 

 

The approximate scheduled maturities of time deposits, including brokered time deposits, for each of the next five years are shown below (dollars in thousands).

 

2026

 $852,490 

2027

  26,229 

2028

  16,859 

2029

  2,306 

2030

  5,946 
  $903,830 

 

The aggregate amount of time deposits in denominations of $250,000 or more at  December 31, 2025 and 2024 was approximately $166.8 million and $192.1 million, respectively.

 

Public funds deposits as of  December 31, 2025 totaled approximately $246.2 million and were secured by investment securities with a carrying value of approximately $63.5 million and FHLB letters of credit totaling $106.4 million. Public funds deposits as of  December 31, 2024 totaled approximately $194.0 million and were secured by investment securities with a carrying value of approximately $19.1 million and FHLB letters of credit totaling $126.2 million.

 

As of December 31, 2025 and 2024, total deposits outstanding to executive officers, directors and to companies in which they are principal owners amounted to approximately $14.7 million and $20.3 million, respectively.