v3.26.1
Deposits
6 Months Ended
Jun. 30, 2026
Deposits [Abstract]  
Deposits

Note 6. Deposits

At June 30, 2026 and December 31, 2025, time deposits amounted to $553.2 million and $568.6 million, respectively. Interest expense on time deposits amounted to $5.9 million and $4.7 million for the three months ended June 30, 2026 and 2025, respectively. Interest expense on time deposits amounted to $11.7 million and $9.1 million for the six months ended June 30, 2026 and 2025, respectively.

The scheduled maturities of time deposits at June 30, 2026, are as follows:

 

(Dollars in thousands)

 

Time Deposit Maturities

 

 

 

Less Than
$250,000

 

 

$250,000
or more

 

2026

 

$

263,884

 

 

$

20,695

 

2027

 

 

178,422

 

 

 

14,600

 

2028

 

 

42,140

 

 

 

5,835

 

2029

 

 

21,383

 

 

 

-

 

2030

 

 

6,017

 

 

 

251

 

Maturing thereafter

 

 

-

 

 

 

-

 

Total time deposits

 

$

511,846

 

 

$

41,381

 

 

GBank had $120.1 million and $105.7 million of brokered certificates of deposit as of June 30, 2026 and December 31, 2025, respectively, having terms between six months and five years.

The aggregate amount of demand deposit overdrafts that were reclassified as loans was $211 thousand at June 30, 2026, compared to $62 thousand as of December 31, 2025.