Deposits

12 Months Ended

Dec. 31, 2024

Deposits.

Deposits

6.    Deposits

Deposits balances are summarized as follows:

	December 31,		December 31,
	2024		2023
Non-interest bearing demand deposits	$	238,126	$	249,793
Interest bearing accounts:
NOW(1)		123,466		125,628
Savings		132,648		146,172
Money market		188,904		190,864
Time certificates of deposit		337,639		318,046
Total interest bearing accounts		782,657		780,710
Total deposits	$	1,020,783	$	1,030,503

(1) Negotiable order of withdrawal

The Company has established a relationship to participate in a reciprocal deposit program with other financial institutions. The reciprocal deposit program provides access to FDIC-insured deposit products in aggregate amounts exceeding the current limits for depositors. At December 31, 2024 and 2023, total reciprocal deposits were $38,909 and $40,009, respectively. Included in time certificates of deposit at December 31, 2024 and 2023 were reciprocal deposits totaling $25,427 and $23,357, respectively, with original maturities of one to three years. Reciprocal deposits included in money market accounts totaled $13,482 and $16,652 at December 31, 2024 and 2023, respectively.

The Company did not have any brokered deposits at December 31, 2024 or 2023. Time certificates of deposit in denominations of $250 or greater were $95,591 and $100,063 as of December 31, 2024 and 2023, respectively.

Contractual maturities of time certificates of deposit at December 31, 2024 are summarized below:

	December 31,
	2024
Within 1 year	$	288,303
1 – 2 years		46,050
2 – 3 years		413
3 – 4 years		1,209
4 – 5 years		1,664
Total	$	337,639