| Deposits |
NOTE 6. DEPOSITS A summary of deposit balances, by type is as follows:
|
|
|
|
|
|
|
|
|
(In thousands) |
|
December 31, 2025 |
|
|
December 31, 2024 |
|
NOW and demand |
|
$ |
1,130,169 |
|
|
$ |
1,038,635 |
|
Money market |
|
|
250,062 |
|
|
|
250,878 |
|
Regular and other savings |
|
|
425,400 |
|
|
|
386,759 |
|
Total non-certificate accounts |
|
|
1,805,631 |
|
|
|
1,676,272 |
|
Term certificate accounts of $250,000 and greater |
|
|
152,589 |
|
|
|
201,817 |
|
Term certificate accounts less than $250,000 |
|
|
170,063 |
|
|
|
188,743 |
|
Term certificate accounts |
|
|
322,652 |
|
|
|
390,560 |
|
Total deposits |
|
$ |
2,128,283 |
|
|
$ |
2,066,832 |
|
As of December 31, 2025, the aggregate amount of deposits, excluding subsidiary deposits, that meet or exceed the FDIC insurance limit of $250,000 was $863.8 million. Scheduled maturities and weighted average rates of time deposits for the next five years were as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2025 |
|
|
December 31, 2024 |
|
(Dollars in thousands) |
|
Amount |
|
|
Weighted Average Rate |
|
|
Amount |
|
|
Weighted Average Rate |
|
Within 1 year |
|
$ |
270,313 |
|
|
|
3.51 |
% |
|
$ |
338,449 |
|
|
|
4.49 |
% |
Over 1 year to 2 years |
|
|
44,029 |
|
|
|
3.71 |
|
|
|
21,095 |
|
|
|
3.70 |
|
Over 2 years to 3 years |
|
|
3,850 |
|
|
|
3.28 |
|
|
|
25,726 |
|
|
|
3.99 |
|
Over 3 years to 4 years |
|
|
2,884 |
|
|
|
3.34 |
|
|
|
2,532 |
|
|
|
3.60 |
|
Over 4 years to 5 years |
|
|
1,576 |
|
|
|
3.01 |
|
|
|
2,758 |
|
|
|
3.37 |
|
Total |
|
$ |
322,652 |
|
|
|
3.53 |
% |
|
$ |
390,560 |
|
|
|
4.40 |
% |
All deposits are fully insured due to the additional insurance provided to Massachusetts member banks, such as the Bank, under the Depositors Insurance Fund, a private industry-sponsored insurance fund in Massachusetts that insures all deposits at the Company above FDIC limits.
|