v3.26.1
Deposits
12 Months Ended
Dec. 31, 2025
Statistical Disclosure for Banks [Abstract]  
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.