DEPOSITS |
6 Months Ended | ||||||||||||||||||||||||||||||||||
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Jun. 30, 2026 | |||||||||||||||||||||||||||||||||||
| DEPOSITS | |||||||||||||||||||||||||||||||||||
| DEPOSITS |
Deposits consist primarily of certificates of deposit, savings accounts, and transaction accounts from customers located within the Bank’s primary market area. Certificates of deposit $250,000 or greater were approximately $8,127,000 and $6,937,000 at June 30, 2026 and December 31, 2025, respectively. Contractual maturities of all outstanding certificates of deposit at June 30, 2026 were as follows:
The Bank maintains deposit accounts for officers, directors, and entities with which they are affiliated. These accounts totaled approximately $1,233,000 and $1,186,000 at June 30, 2026 and December 31, 2025, respectively. The Bank utilizes brokered deposits as an additional source of funding. Brokered deposits totaled $6,129,000 at June 30, 2026 and $8,024,000 at December 31, 2025, respectively. Brokered deposits are included in certificates of deposit and are subject to regulatory considerations, including restrictions that may apply if the Bank’s capital category changes. |