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Deposits (Tables)
12 Months Ended
Dec. 31, 2023
Deposits [Abstract]  
Summary of Deposit Accounts

Deposit accounts are summarized as follows:

 

 

December 31,
2023

 

 

December 31,
2022

 

(In Thousands)

 

Amount

 

 

%

 

 

Amount

 

 

%

 

Demand, noninterest-bearing

 

$

655,953

 

 

 

28.54

%

 

$

192,773

 

 

 

20.36

%

Demand, interest-bearing

 

 

438,765

 

 

 

19.09

 

 

 

254,478

 

 

 

26.88

 

Money market and savings

 

 

577,448

 

 

 

25.12

 

 

 

228,048

 

 

 

24.09

 

Time deposits, $250 and over

 

 

134,324

 

 

 

5.85

 

 

 

45,616

 

 

 

4.82

 

Time deposits, other

 

 

491,983

 

 

 

21.40

 

 

 

225,857

 

 

 

23.85

 

 

 

$

2,298,473

 

 

 

100.0

%

 

$

946,772

 

 

 

100.0

%

 

Summary of Scheduled Maturities of Time Deposits

The scheduled maturities of time deposits are as follows:

(In Thousands)

 

December 31,
2023

 

One year or less

 

$

568,324

 

More than one year to two years

 

 

34,018

 

More than two years to three years

 

 

11,032

 

More than three years to four years

 

 

4,815

 

More than four years to five years

 

 

7,354

 

More than five years

 

 

764

 

Total

 

$

626,307