| DEPOSITS |
NOTE 5 — DEPOSITS Deposits of the Corporation include those to related parties which are summarized in Note 13 – Related Party Transactions. Major classifications of deposits at December 31, 2025 and 2024 consisted of: | | | | | | | (Dollars in thousands) | | December 31, | | December 31, | | | 2025 | | 2024 | Non-interest bearing demand | | $ | 206,823 | | $ | 203,583 | Interest bearing demand | | | 239,851 | | | 278,869 | Savings | | | 186,775 | | | 195,310 | Time certificates of deposits less than $250,000 | | | 427,508 | | | 327,236 | Time certificates of deposits $250,000 or greater | | | 75,395 | | | 39,782 | Other time | | | 1,085 | | | 1,100 | Total deposits | | $ | 1,137,437 | | $ | 1,045,880 |
The following reflects the remaining maturities of time deposits of $250,000 or more at December 31, 2025: | | | | (Dollars in thousands) | | December 31, 2025 | 3 months or less | | $ | 42,342 | 3 - 6 months | | | 25,936 | 6 - 12 months | | | 6,863 | Greater than 12 months | | | 254 | Total time deposits equal to or greater than $250K | | $ | 75,395 |
The following is a schedule reflecting classification and remaining maturities of time deposits at December 31, 2025: (Dollars in thousands) | | | | Year Ending | | | | 2026 | | $ | 424,203 | 2027 | | | 15,271 | 2028 | | | 47,224 | 2029 | | | 866 | 2030 | | | 10,924 | Thereafter | | | 5,500 | Total time deposits | | $ | 503,988 |
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