Time deposits that met or exceeded the FDIC insurance limit of $250 totaled $335,565 and $196,767 as of December 31, 2024 and 2023.

At December 31, 2024 and 2023, Insured Cash Sweep (“ICS”) reciprocal demand deposits of $469,551 and $382,613 were included in the Company’s interest bearing deposits. Also included in savings and money market deposits are $100,596 and $230,750 of ICS reciprocal money market deposits. ICS allows Equity Bank to break large deposits into smaller amounts and place them in a network of other ICS banks to ensure FDIC coverage on the entire deposit.

At December 31, 2024 and 2023, Certificate of Deposit Account Registry Services (“CDARS”) deposits of $35,393 and $21,841 were included in the Company’s time deposit balance. Of the CDARS deposits at December 31, 2024 and 2023, $35,393 and $21,841 were reciprocal customer funds placed in the CDARS program. CDARS allows Equity Bank to break large deposits into smaller amounts and place them in a network of other CDARS banks to ensure that FDIC insurance coverage is gained on the entire deposit. Reciprocal deposits are not considered brokered deposits as long as the aggregate balance is less than the lesser of 20% of total liabilities or $5 billion and Equity Bank is well capitalized and well rated. All non-reciprocal deposits and reciprocal deposits in excess of regulatory limits are considered brokered deposits.


	December 31, 2024		December 31, 2023
Interest bearing demand
Reciprocal	$	469,551	$	382,613
Non-reciprocal brokered		75,115		1
Total interest-bearing demand		544,666		382,614
Savings and money market
Reciprocal		100,596		230,750
Total saving and money market		100,596		230,750
Time
Reciprocal		35,393		21,841
Non-reciprocal brokered		49,998		199,940
Total time		85,391		221,781
Total reciprocal and brokered deposits	$	730,653	$	835,145

At December 31, 2024, the scheduled maturities of time deposits are as follows.


Due in one year or less	$	630,199
Due after one year through two years		80,170
Due after two years through three years		20,175
Due after three years through four years		2,507
Due after four years through five years		3,158
Thereafter		318
Total	$	736,527