v3.26.1
DEPOSITS
12 Months Ended
Dec. 31, 2025
Deposits [Abstract]  
DEPOSITS DEPOSITS
Deposits at December 31, 2025 and December 31, 2024 are summarized as follows:
December 31, 2025Weighted Average RateDecember 31, 2024Weighted Average Rate
(Dollars in thousands)
Non-interest bearing deposits$26,878 — %$26,001 — %
NOW and demand accounts489,163 1.76 %369,554 1.39 %
Savings 213,444 1.02 %240,426 1.15 %
Time deposits780,390 3.58 %707,339 4.27 %
Total$1,509,875 2.56 %$1,343,320 2.81 %
Money market accounts are included within the NOW and demand accounts and savings captions. Included in time deposits are brokered deposits totaling $275.0 million at December 31, 2025 and $155.0 million at December 31, 2024.
Time deposits mature as follows for the year ending December 31:
(In thousands)
2026$766,317 
20275,530 
20283,059 
20292,052 
20303,432 
$780,390 
The aggregate amount of time deposits that meet or exceed $250,000 at December 31, 2025 and 2024, were $127.9 million and $135.7 million, respectively. Related party (principal officers, directors, and their affiliates) deposits as of December 31, 2025 and 2024, totaled $2.5 million and $2.7 million respectively.
Interest expense on deposits is summarized as follows (in thousands):
Year Ended December 31,
20252024
(In thousands)
NOW and demand accounts$6,898 $5,051 
Savings 2,555 2,752 
Time deposits27,594 29,027 
Total$37,047 $36,830