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Deposits (Tables)
9 Months Ended
Sep. 30, 2021
Deposits [Abstract]  
Summary of Deposit Accounts

Deposit accounts are summarized as follows:

 

 

 

September 30,
2021

 

 

December 31,
2020

 

(In Thousands)

 

Amount

 

 

%

 

 

Amount

 

 

%

 

Demand, noninterest-bearing

 

$

175,609

 

 

 

21.88

%

 

$

66,573

 

 

 

17.75

%

Demand, interest-bearing

 

 

217,857

 

 

 

27.14

 

 

 

158,708

 

 

 

42.31

 

Money market and savings

 

 

207,460

 

 

 

25.85

 

 

 

69,188

 

 

 

18.44

 

Time deposits, $250 and over

 

 

55,844

 

 

 

6.96

 

 

 

33,853

 

 

 

9.02

 

Time deposits, other

 

 

145,825

 

 

 

18.17

 

 

 

46,802

 

 

 

12.48

 

 

 

$

802,595

 

 

 

100.0

%

 

$

375,124

 

 

 

100.0

%

Summary of Scheduled Maturities of Time Deposits

The scheduled maturities of time deposits are as follows:

 

(In Thousands)

 

September 30,
2021

 

 

December 31,
2020

 

One year or less

 

$

138,330

 

 

$

46,325

 

More than one year to two years

 

 

30,789

 

 

 

12,414

 

More than two years to three years

 

 

17,103

 

 

 

9,904

 

More than three years to four years

 

 

7,612

 

 

 

3,980

 

More than four years to five years

 

 

7,224

 

 

 

7,542

 

More than five years

 

 

611

 

 

 

490

 

Total

 

$

201,669

 

 

$

80,655