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Deposits (Tables)
6 Months Ended
Jun. 30, 2024
Deposits [Abstract]  
Composition of 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

 

Scheduled Maturities of Certificates of Deposit

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