v3.26.1
Note 3 - Deposits
6 Months Ended
Jun. 30, 2026
Notes to Financial Statements  
Deposit Liabilities Disclosures [Text Block]

Note 3. Deposits

 

A summary of deposit balances by type as of June 30, 2026 and December 31, 2025 is as follows:

 

  

June 30, 2026

  

December 31, 2025

 
  

(dollars in thousands)

 

Noninterest-bearing deposits

 $1,577  $1,659 

Interest-bearing demand deposits

  5,573   7,197 

Savings deposits

  1,952   1,923 

Certificates of deposit

  6,222   6,073 

Total deposits

 $15,324  $16,852 

 

Certificates of deposit that exceed the Federal Deposit Insurance Corporation (“FDIC”) insurance limit of $250,000 at June 30, 2026 and December 31, 2025, were $1,779,000 and $1,747,000, respectively.

 

At June 30, 2026, the scheduled maturities of certificates of deposit were as follows:

 

Year Ending

 

Amount

 
  

(dollars in thousands)

 

2026

 $2,777 

2027

  2,861 

2028

  506 

2029

  6 

2030

  28 

Thereafter

  44 

Total

 $6,222 

 

During the normal course of business, the Company accepts deposits from members of the Board of Directors and officers. As of June 30, 2026 and December 31, 2025, these deposits totaled $4,824,000 and $4,822,000. As of June 30, 2026 and December 31, 2025, one customer represented 26% of the total deposits outstanding.