v3.26.1
Deposits
6 Months Ended
Jun. 30, 2026
Deposits [Abstract]  
Deposits
7.
Deposits

Depositor account balances as of June 30, 2026 and December 31, 2025 are summarized as follows:

 

 

 

June 30,
2026

 

 

December 31,
2025

 

Negotiable order of withdrawal (NOW)

 

$

233,426

 

 

$

243,798

 

Savings accounts

 

 

105,274

 

 

 

108,483

 

Money market

 

 

116,922

 

 

 

130,587

 

 

 

 

455,622

 

 

 

482,868

 

Certificates of deposit

 

 

269,541

 

 

 

268,891

 

Wholesale and brokered certificates of deposit

 

 

85,812

 

 

 

89,644

 

Total Deposits

 

$

810,975

 

 

$

841,403

 

 

The weighted average interest rate on depositor accounts as of June 30, 2026 and December 31, 2025 was 1.71% and 1.62%, respectively.

 

Included in deposits are certificates of deposit in amounts greater than $250,000 totaling $65.4 million of account balance and approximately $2.4 million in annual interest expenses at June 30, 2026 and $64.2 million of account balance and approximately $2.4 million in annual interest expense at December 31, 2025. The scheduled maturities of all certificates of deposit at June 30, 2026 were as follows:

 

2026

 

$

134,521

 

2027

 

 

174,591

 

2028

 

 

9,309

 

2029

 

 

16,738

 

2030

 

 

14,632

 

2031

 

 

5,562

 

Total

 

$

355,353