v3.26.1
Note 8 - Deposits
 6 Months Ended
Jun. 30, 2026
Notes to Financial Statements  
Deposit Liabilities Disclosures [Text Block]

NOTE 8 - DEPOSITS

 

At June 30, 2026, the scheduled maturities of time deposits are as follows:

 

   $250,000 and under   Greater than $250,000   Total 

At June 30, 2026

  (dollars in thousands) 

Remainder of 2026

 $626,659  $659,713  $1,286,372 

2027

  185,698   131,756   317,454 

2028

  2,340   890   3,230 

2029

  449   —   449 

2030 and thereafter

  382   —   382 

Total

 $815,528  $792,359  $1,607,887 

 

Time deposits include deposits acquired through both retail and wholesale channels. Wholesale channels include brokered deposits, collateralized deposits from the State of California, and deposits acquired through internet listing services. Wholesale time deposits totaled $120.2 million at June 30, 2026 and $225.7 million at December 31, 2025. Brokered time deposits were $50.5 million at June 30, 2026 and $145.5 million at December 31, 2025. Collateralized deposits from the State of California totaled $40.0 million at both  June 30, 2026 and at December 31, 2025. Time deposits acquired through internet listing services totaled $29.7 million at June 30, 2026 and $40.2 million at December 31, 2025.

 

In addition, we offer retail deposit products where customers are able to achieve FDIC insurance for balances on deposit in excess of the $250,000 FDIC insurance limit through the Certificate of Deposit Account Registry Service (“CDARS”) and Insured Cash Sweeps (“ICS”) programs. Time deposits held through the CDARS program were $141.4 million at June 30, 2026 and $128.3 million at December 31, 2025. ICS deposits totaled $137.4 million at June 30, 2026 and $156.3 million at December 31, 2025.