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Deposits (Tables)
9 Months Ended
Sep. 30, 2023
Deposits [Abstract]  
Composition of Deposits

The composition of deposits is summarized below:

 

 

September 30,
2023

 

 

December 31, 2022

 

 

(in thousands)

 

Non-interest bearing checking

 

$

72,410

 

 

$

92,465

 

Interest bearing checking

 

 

29,837

 

 

 

32,514

 

Money market

 

 

86,747

 

 

 

121,215

 

Statement savings

 

 

48,779

 

 

 

61,969

 

Certificates of deposit

 

 

149,200

 

 

 

79,558

 

Total

 

$

386,973

 

 

$

387,721

 

Scheduled Maturities of Certificates of Deposit

As of September 30, 2023, the scheduled maturities of certificates of deposit for the annual periods are presented below:

 

 

(in thousands)

 

2023

 

$

33,186

 

2024

 

 

95,170

 

2025

 

 

8,418

 

2026

 

 

12,061

 

2027

 

 

298

 

Thereafter

 

 

67

 

Total

 

$

149,200