v3.26.1
Note 11 - Deposits
12 Months Ended
Dec. 31, 2025
Notes to Financial Statements  
Deposit Liabilities Disclosures [Text Block]

Note 11 - Deposits

 

Deposits at December 31, 2025 and 2024 consist of the following (in thousands):

 

 

  

2025

  

2024

 

Non-interest bearing checking accounts

 $65,665  $59,783 

Interest bearing checking accounts(1)

  105,713   47,802 

Savings accounts

  699   492 

Money market accounts

  70,483   162,285(2)

Certificate of deposit accounts

  354,718   282,890 

Total

 $597,278  $553,252 

 

(1)

The Company has identified one major interest bearing checking account deposit customer that accounted for approximately $35.0 million, or 5.9% of total deposits at December 31, 2025, and had a separate major interest bearing checking account deposit customer that accounted for approximately $47.8 million, or 8.6% of total deposits at December 31, 2024.

(2)

The Company has identified one major money market deposit customer, a separate customer than the interest bearing checking account deposit customer referred to above in footnote (1), that accounted for approximately 18.1% of total deposits at December 31, 2024. At December 31, 2024, the combined outstanding balances of the major deposit customer’s money market accounts totaled approximately $100.0 million.

 

A summary of certificates of deposit by maturity at December 31, 2025 is as follows (in thousands):

 

Years ending December 31

    

2026

 $245,377 

2027

  50,956 

2028

  39,546 

2029

  14,843 

2030

  3,996 

Total

 $354,718 

 

The aggregate amount of certificates of deposit with a minimum denomination of $250,000 was $89.5 million and $71.6 million at December 31, 2025 and 2024, respectively.