Deposits (Tables)

12 Months Ended

Dec. 31, 2023

Deposits

Schedule of deposits

Deposits balances are summarized as follows:

	December 31,		December 31,
	2023		2022
Non-interest bearing demand deposits	$	249,793	$	283,563
Interest bearing accounts:
NOW		125,628		156,285
Savings		146,172		176,916
Money market		190,864		296,787
Time certificates of deposit		318,046		216,382
Total interest bearing accounts		780,710		846,370
Total deposits	$	1,030,503	$	1,129,933

Schedule of contractual maturities of time certificates of deposit

Contractual maturities of time certificates of deposit at December 31, 2023 are summarized below:

	December 31,
	2023
Within 1 year	$	291,212
1 – 2 years		23,124
2 – 3 years		1,735
3 – 4 years		450
4 – 5 years		1,525
Total	$	318,046