Note 8 - Deposits

12 Months Ended

Dec. 31, 2025

Notes to Financial Statements

Deposit Liabilities Disclosures [Text Block]

Note 8 - Deposits

Deposits and weighted-average interest rates at the dates indicated are as follows:

	December 31, 2025					December 31, 2024
(dollars in thousands)	Amount		Weighted- Average Interest Rate			Amount		Weighted- Average Interest Rate
Noninterest-bearing demand deposits	$	245,760		—	%	$	256,416		—	%
Interest-bearing demand deposits		143,166		0.19			164,891		0.44
Money market accounts		451,143		2.12			413,822		2.26
Savings accounts		239,258		1.39			205,055		1.35
Certificates of deposit, customer		433,264		3.63			464,928		4.18
Certificates of deposit, brokered		86,510		4.22			182,914		4.73
Total deposits	$	1,599,101		2.04		$	1,688,026		2.42

The aggregate amount of time deposits issued in excess of the FDIC insured limit, currently $250,000, at December 31, 2025 and 2024, were $164.2 million and $174.4 million, respectively.

Maturities of certificates of deposit at the dates indicated are as follows:

(dollars in thousands)	December 31, 2025
Within one year or less	$	450,819
After one year through two years		59,588
After two years through three years		5,483
After three years through four years		2,211
After four years through five years		1,673
Total certificates of deposit	$	519,774

At December 31, 2025 and 2024, deposits included $113.6 million and $100.8 million, respectively, in public fund deposits. The Bank had an outstanding letter of credit from the Federal Home Loan Bank of Des Moines ("FHLB") with a notional amount of $60.0 million at December 31, 2025 and 2024, to secure public deposits. The notional amount exceeds the minimum collateral requirements established by the Washington Public Deposit Protection Commission. Also included in deposits at December 31, 2025 and 2024, were funds held by federally recognized tribes totaling $31.3 million and $20.1 million, respectively. Investment securities with a carrying value of $40.7 million and $22.8 million were pledged as collateral for these deposits at December 31, 2025 and 2024, respectively. The pledged carrying value exceeds the minimum collateral requirements established by the Bureau of Indian Affairs.

Interest on deposits by type for the periods shown was as follows:

	For the Year Ended December 31,
(dollars in thousands)	2025		2024
Demand deposits	$	615	$	777
Money market accounts		10,462		10,017
Savings accounts		3,465		3,512
Certificates of deposit, customer		17,172		17,838
Certificates of deposit, brokered		5,306		10,283
Total deposit interest expense	$	37,020	$	42,427