Deposits

12 Months Ended

Dec. 31, 2025

Remaining maturities on certificates of deposit are as follows (dollars in thousands):


2026	$	9,050
2027	138
2028	—
2029	—
Thereafter	45
	$	9,233

The Bank held no deposits classified as brokered as of December 31, 2025 and December 31, 2024. To achieve full insurance from the FDIC, some of the Bank’s depositors have enrolled in the ICS® program offered by the Bank through the IntraFi® network. When accounts are enrolled in this service, the Bank must elect, for each account, whether it will receive reciprocal deposit balance or sell the deposit balance. Reciprocal deposits through ICS® held on the consolidated balance sheets were $106.7 million and $130.3 million, as of December 31, 2025 and December 31, 2024 respectively. Total ICS® One-Way Sell® deposits of $359.9 million and $63.3 million as of December 31, 2025, and December 31, 2024, respectively, were sold to the network and therefore excluded from the Company’s consolidated balance sheets. The Bank receives fee income for the deposits that are sold, which is reported under deposit placement services income on the consolidated statements of income.

As of December 31, 2025, no clients maintained an individual deposit balance exceeding 5.0% of total deposits. As of December 31, 2024, two clients each maintained an individual deposit balance exceeding 5.0% of total deposits. The combined total deposit balance related to these clients was $202.6 million, accounting for 16.2% of total deposits.

Deposits from related parties held by the Company amounted to $1.8 million as of December 31, 2025 and $2.0 million as of December 31, 2024.