Deposits

3 Months Ended

Mar. 31, 2024

Note 7. Deposits

Deposits at March 31, 2024 and December 31, 2023 are summarized as follows:


	March 31,		December 31,
	2024		2023
	(in thousands)
Demand (1)	$	191,541	$	185,151
Interest-bearing deposits:
NOW/IOLA accounts (1)		73,202		77,909
Money market accounts		482,344		432,735
Reciprocal deposits		97,718		96,860
Savings accounts		112,713		114,139
Total NOW, money market, reciprocal and savings		765,977		721,643
Certificates of deposit of $250K or more		146,296		132,153
Brokered certificates of deposits (2)		94,689		98,729
Listing service deposits (2)		12,688		14,433
Certificates of deposit less than $250K		374,593		355,511
Total certificates of deposit		628,266		600,826
Total interest-bearing deposits		1,394,243		1,322,469
Total deposits	$	1,585,784	$	1,507,620

(1)

As of December 31, 2023, $58.2 million were reclassified from demand to NOW/IOLA accounts.

(2)

As of March 31, 2024 and December 31, 2023, there were $1.5 million and $0.3 million, respectively, in individual listing service deposits amounting to $250,000 or more. All brokered certificates of deposit individually amounted to less than $250,000.

At March 31, 2024 scheduled maturities of certificates of deposit were as follows:


	(in thousands)
2024	$	406,857
2025		127,741
2026		43,472
2027		47,284
2028		2,245
Thereafter		667
	$	628,266

Overdrawn deposit accounts that have been reclassified to loans amounted to $0.1 million as of both March 31, 2024 and December 31, 2023.