Deposits

6 Months Ended

Jun. 30, 2026

Deposits.

Deposits

5.    Deposits

Deposits balances are summarized as follows:

	June 30,		December 31,
	2026		2025
Non-interest bearing demand deposits	$	242,774	$	227,272
Interest bearing accounts:
Subscription Deposits		156,012		—
NOW(1)		131,312		123,576
Savings		132,765		127,219
Money market		235,508		242,333
Time certificates of deposit		384,601		376,940
Total interest bearing accounts		1,040,198		870,068
Total deposits	$	1,282,972	$	1,097,340

(1) Negotiable order of withdrawal

The Company participates in a reciprocal deposit program with other financial institutions that provides access to Federal Deposit Insurance Corporation (the “FDIC”) insurance for deposit products with aggregate amounts exceeding the current limits for depositors. At June 30, 2026 and December 31, 2025, total reciprocal deposits were $37,571 and $35,638, respectively. Included in time certificates of deposit at June 30, 2026 and December 31, 2025 were reciprocal deposits totaling $23,278 and $21,854, respectively, with original maturities of one to three years. Reciprocal deposits included in money market accounts totaled $14,293 and $13,784 at June 30, 2026 and December 31, 2025, respectively.

The Company had no brokered deposits at either June 30, 2026 or December 31, 2025. Time certificates of deposit in denominations of $250 or greater were $106,414 and $99,659 as of June 30, 2026 and December 31, 2025, respectively.

Contractual maturities of time certificates of deposit at June 30, 2026 are summarized below:

	June 30,
	2026
Within 1 year	$	342,693
1 – 2 years		39,104
2 – 3 years		1,585
3 – 4 years		954
4 – 5 years		265
Total	$	384,601