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Deposits
12 Months Ended
Dec. 31, 2024
Deposits [Abstract]  
Deposits
9.
DEPOSITS

Deposit accounts are summarized as follows:

 

 

December 31, 2024

 

 

December 31, 2023

 

(In Thousands)

 

Amount

 

 

%

 

 

Amount

 

 

%

 

Demand, noninterest-bearing

 

$

658,646

 

 

 

27.89

%

 

$

624,780

 

 

 

28.42

%

Demand, interest-bearing

 

 

525,173

 

 

 

22.25

 

 

 

425,551

 

 

 

19.35

 

Money market and savings

 

 

540,030

 

 

 

22.88

 

 

 

554,204

 

 

 

25.20

 

Time deposits, $250 and over

 

 

164,901

 

 

 

6.99

 

 

 

128,334

 

 

 

5.84

 

Time deposits, other

 

 

368,217

 

 

 

15.60

 

 

 

346,519

 

 

 

15.76

 

Brokered time deposits

 

 

103,615

 

 

 

4.39

 

 

 

119,411

 

 

 

5.43

 

 

 

$

2,360,582

 

 

 

100.0

%

 

$

2,198,799

 

 

 

100.0

%

The above table does not include deposits that are held for sale related to the New Jersey branch sale.

The brokered deposits outstanding at December 31, 2024 are scheduled to mature in the first quarter of 2025.

 

The scheduled maturities of time deposits, including brokered deposits, are as follows:

(In Thousands)

 

December 31, 2024

 

One year or less

 

$

581,981

 

More than one year to two years

 

 

35,902

 

More than two years to three years

 

 

9,522

 

More than three years to four years

 

 

6,097

 

More than four years to five years

 

 

2,601

 

More than five years

 

 

630

 

Total

 

$

636,733