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Deposits (Tables)
6 Months Ended
Jun. 30, 2024
Banking And Thrifts [Abstract]  
Summarized Deposits

Deposits at June 30, 2024 and December 31, 2023 are summarized as follows:

 

 

 

June 30,

 

 

December 31,

 

 

 

2024

 

 

2023

 

 

 

(in thousands)

 

Demand (1)

 

$

178,125

 

 

$

185,151

 

Interest-bearing deposits:

 

 

 

 

 

 

NOW/IOLA accounts (1)

 

 

81,178

 

 

 

77,909

 

Money market accounts

 

 

502,255

 

 

 

432,735

 

Reciprocal deposits

 

 

109,945

 

 

 

96,860

 

Savings accounts

 

 

109,694

 

 

 

114,139

 

Total NOW, money market, reciprocal and savings

 

 

803,072

 

 

 

721,643

 

Certificates of deposit of $250K or more

 

 

156,224

 

 

 

132,153

 

Brokered certificates of deposits (2)

 

 

94,614

 

 

 

98,729

 

Listing service deposits (2)

 

 

9,361

 

 

 

14,433

 

Certificates of deposit less than $250K

 

 

364,701

 

 

 

355,511

 

Total certificates of deposit

 

 

624,900

 

 

 

600,826

 

Total interest-bearing deposits

 

 

1,427,972

 

 

 

1,322,469

 

Total deposits

 

$

1,606,097

 

 

$

1,507,620

 

 

(1)
As of December 31, 2023, $58.2 million were reclassified from demand to NOW/IOLA accounts.
(2)
As of June 30, 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.
Scheduled Maturities of Certificates of Deposit

At June 30, 2024 scheduled maturities of certificates of deposit were as follows:

 

 

 

(in thousands)

 

2024

 

$

324,564

 

2025

 

 

201,905

 

2026

 

 

46,918

 

2027

 

 

46,968

 

2028

 

 

3,212

 

Thereafter

 

 

1,333

 

 

$

624,900