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| Deposits |
Note 6. Deposits
Major classifications of deposits at June 30, 2026 and 2025 are summarized as follows:
Advance payments by borrowers for taxes and insurance, which are included in savings deposits totaled $10.1 million at June 30, 2026 and 2025. As needed, to enhance strong levels of liquidity and to fund loan demand, the Bank and Commercial Bank (the “Banks”) may accept brokered deposits, generally in denominations of less than $250,000, from national brokerage networks, custodial deposit networks or through IntraFi’s one-way CDARS and ICS products including IntraFi’s Insured Network Deposits. The Banks combined can place and obtain brokered deposits up to 30% of total deposits, in the amount of $761.6 million based on policy. Additionally, both Banks participate in the IntraFi reciprocal (“two-way”) CDARS and the ICS products, which provides for reciprocal two-way transactions among other institutions, facilitated by IntraFi, for the purpose of maximizing FDIC insurance for depositors. The Company had $52.4 million and $51.6 million brokered deposits as of June 30, 2026 and 2025, respectively which was included in NOW accounts and certificates of deposits.
Related-party deposits were not material at June 30, 2026 and 2025.
The following indicates the amount of certificates of deposit by time remaining to maturity as of June 30, 2026.
Scheduled maturities of certificates of deposit at June 30, 2026 were as follows:
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