Deposits

12 Months Ended

Dec. 31, 2024

Deposits.

Deposits

Note 7. Deposits

The composition of deposits at December 31, 2024 and 2023 is as follows (in thousands):

(in thousands)	2024		2023
NOW Accounts	$	53,921	$	50,836
Savings Accounts		76,020		84,603
Money Market Fund Accounts		22,726		26,417
Certificates of Deposit		238,809		228,147
Total	$	391,476	$	390,003

Time deposits that meet or exceed the Federal Deposit Insurance Corporation (FDIC) insurance limit of $250,000 at December 31, 2024 and 2023 were $48,338,000 and $42,225,000, respectively.

Time deposits at December 31, 2024 mature as follows (in thousands):

(in thousands)	Amount
2025	$	214,180
2026		18,748
2027		3,995
2028		803
2029		876
Thereafter		207
Total	$	238,809

As of December 31, 2024 and 2023, deposits from related parties totaled $862,000 and $809,000, respectively.

As of December 31, 2024 and 2023, the Company held no brokered deposits.