Deposits

12 Months Ended

Dec. 31, 2024

Deposits: At December 31, 2024, the scheduled maturities of certificates of deposit are as follows:


(In Thousands)
2025			$369,651
2026			36,353
2027			9,769
2028			200
2029			830
Thereafter			1,567
Total			$418,370

The Company offers IntraFi® Network DepositsSM as a member of IntraFi® NetworkSM (Network). When a Network member places a deposit using IntraFi Network Deposits, that certificate of deposit or deposit account is divided into amounts under the standard FDIC insurance maximum ($250,000) and is allocated among member banks, making the large deposit eligible for FDIC insurance. In addition to customer deposit placement, the IntraFi Network Deposits also allows placement of the Bank's own investment dollars. The Company had $49.2 million in IntraFi Network Deposits certificates of deposits and $461.1 million in IntraFi Network Deposits in deposit accounts at December 31, 2024 and $48.1 million in IntraFi Network Deposits certificates of deposits and $333.1 million in IntraFi Network Deposits in deposit accounts at December 31, 2023.

At December 31, 2024 and 2023, the Company held $2.9 million and $3.9 million, respectively, in deposits for related parties, including directors, executive officers, and their affiliates.

At December 31, 2024 and 2023, the Company reclassified $547,000 and $259,000, respectively, in overdrafts from deposits to loans.