Deposits

6 Months Ended

Jun. 30, 2024

NOTE 6 – DEPOSITS

The composition of deposits is summarized below:


	June 30, 2024		December 31, 2023
	(in thousands)
Non-interest bearing checking	$	73,088	$	78,476
Interest bearing checking		27,982		28,899
Money market		87,852		88,687
Statement savings		41,623		46,473
Certificates of deposit		168,306		161,148
Total	$	398,851	$	403,683

Certificates of deposit that met or exceeded the FDIC insurance limit of $250,000 totaled $33.1 million and $31.3 million as of June 30, 2024 and December 31, 2023, respectively. The Company did not hold any brokered deposits as of June 30, 2024 or December 31, 2023.

As of June 30, 2024, the scheduled maturities of certificates of deposit for the annual periods are presented below:


	(in thousands)
2024	$	110,155
2025		45,500
2026		12,192
2027		239
2028		77
Thereafter		143
Total	$	168,306