v3.26.1
Deposits
12 Months Ended
Dec. 31, 2025
Deposits [Abstract]  
Deposits

Note 7 - Deposits

Deposits consist of the following at the dates indicated:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2025

 

December 31, 2024

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted

 

 

 

 

 

Weighted

 

 

 

 

 

Average

 

 

 

 

 

Average

 

Amount

 

 

Rate

 

Amount

 

 

Rate

 

(Dollars in thousands)

Demand deposits:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Non-interest bearing

$

 

96,103

 

 

 

 

%

 

$

 

96,412

 

 

 

 

%

Interest bearing

 

 

62,346

 

 

 

0.09

 

 

 

 

 

65,020

 

 

 

0.09

 

 

Money market accounts

 

 

159,212

 

 

 

1.91

 

 

 

 

 

149,550

 

 

 

2.26

 

 

Savings accounts

 

 

51,788

 

 

 

0.07

 

 

 

 

 

54,322

 

 

 

0.06

 

 

Time deposits

 

 

203,828

 

 

 

3.44

 

 

 

 

 

207,674

 

 

 

3.96

 

 

Total deposits

$

 

573,277

 

 

 

1.77

 

%

 

$

 

572,978

 

 

 

2.04

 

%

 

Scheduled maturities of time deposits at December 31, 2025 were as follows (dollars in thousands):

 

2026

 

 

 

 

 

 

$

 

184,915

 

2027

 

 

 

 

 

 

 

 

13,827

 

2028

 

 

 

 

 

 

 

 

3,104

 

2029

 

 

 

 

 

 

 

 

1,124

 

2030

 

 

 

 

 

 

 

 

858

 

Thereafter

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

 

203,828

 

 

 

Time deposit accounts with balances of $250,000 or more amounted to $29.6 million and $33.9 million at December 31, 2025 and 2024, respectively.

Interest expense on deposits was as follows:

 

 

 

Years Ended December 31,

 

 

 

2025

 

 

2024

 

 

 

(Dollars in thousands)

 

 

 

 

 

 

 

 

 

 

Interest bearing demand deposits

 

$

 

61

 

 

$

 

64

 

Money market accounts

 

 

 

3,792

 

 

 

 

3,811

 

Savings accounts

 

 

 

35

 

 

 

 

40

 

Time deposits

 

 

 

7,662

 

 

 

 

9,162

 

 

$

 

11,550

 

 

$

 

13,077

 

 

At December 31, 2025 and 2024, deposits of directors, executive officers and their affiliates totaled $2.0 million and $1.6 million, respectively.

 

At December 31, 2025 and 2024, no deposit relationships existed greater than 5% of the Company's total deposits.