| Deposits |
Note 6: Deposits Deposits at June 30, 2026 and 2025 consisted of the following: | | | | | | | | | | | | | | June 30, 2026 | | June 30, 2025 | | (Dollars in Thousands) | | Interest Rate | | Amount | | Interest Rate | | Amount | | Checking deposits – noninterest-bearing | | — | | $ | 86,859 | | — | | $ | 83,566 | | Checking deposits – interest-bearing(1) | | 0.00% - 0.20% | | | 226,695 | | 0.00% - 0.20% | | | 240,597 | | Savings deposits(1) | | 0.00% - 4.24% | | | 223,136 | | 0.00% - 4.64% | | | 230,610 | | Money market deposits(1) | | 0.00% - 3.68% | | | 20,450 | | 0.00% - 2.96% | | | 21,703 | | Time deposits: | | | | | | | | | | | | $250 and under(1)(2) | | 0.00% - 4.20% | | | 249,279 | | 0.00% - 5.15% | | | 221,475 | | Over $250 | | 0.10% - 4.20% | | | 103,964 | | 0.12% - 4.83% | | | 90,821 | | Total deposits(3) | | | | $ | 910,383 | | | | $ | 888,772 | | Weighted average interest rate on deposits | | | | | 1.43 | % | | | | 1.34 | % |
| (1) | Certain interest-bearing checking, savings, money market and time deposits require a minimum balance to earn interest. |
| (2) | Includes brokered certificates of deposit of $161.4 million and $131.0 million at June 30, 2026 and 2025, respectively. |
| (3) | Includes uninsured deposits of approximately $178.6 million (of which $61.2 million were collateralized) and $158.7 million (of which $53.8 million were collateralized) at June 30, 2026 and 2025, respectively. |
The aggregate annual maturities of time deposits at June 30, 2026 and 2025 were as follows: | | | | | | | | | June 30, | (In Thousands) | | 2026 | | 2025 | One year or less | | $ | 317,087 | | $ | 278,268 | Over one to two years | | | 29,367 | | | 25,264 | Over two to three years | | | 3,479 | | | 3,019 | Over three to four years | | | 2,656 | | | 2,058 | Over four to five years | | | 546 | | | 3,339 | Over five years | | | 108 | | | 348 | Total time deposits | | $ | 353,243 | | $ | 312,296 |
Interest expense on deposits for the years indicated is summarized as follows: | | | | | | | | | Year Ended June 30, | (In Thousands) | | 2026 | | 2025 | Checking deposits – interest-bearing | | $ | 100 | | $ | 105 | Savings deposits | | | 836 | | | 500 | Money market deposits | | | 107 | | | 85 | Time deposits | | | 10,778 | | | 10,536 | Total interest expense on deposits | | $ | 11,821 | | $ | 11,226 |
At June 30, 2026, the Bank had related-party deposits of approximately $5.1 million, compared to $8.0 million at June 30, 2025. At June 30, 2026 and 2025, deposits with negative balances (i.e. overdrafts) that were reclassified to loans held for investment totaled $15,000 and $17,000, respectively. The Bank generally is required to maintain reserve balances with the FRB; however, effective March 26, 2020, the FRB lowered the reserve ratios on transaction accounts maintained at a depository institution to zero percent, as such there was no required reserve balance at June 30, 2026 and 2025.
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