Deposits

9 Months Ended

Sep. 30, 2024

Depositor account balances as of September 30, 2024 and December 31, 2023 are summarized as follows:


	September 30, 2024		December 31, 2023
Negotiable order of withdrawal (NOW)	$	492,103	$	268,379
Savings accounts		118,980		127,213
Money market		103,477		108,778
		714,560		504,370
Certificates of deposit		197,450		174,362
Wholesale and brokered certificates of deposit		94,026		90,556
	$	1,006,036	$	769,288

The weighted average interest rate on depositor accounts as of September 30, 2024 and December 31, 2023 was 1.16% and 1.23%, respectively. Included in NOW account balances as of September 30, 2024 was approximately $254 million in tentative proceeds from the Bank's upcoming stock conversion.

Included in deposits are certificates of deposit in amounts greater than $250,000 totaling $43 million of account balance and approximately $1.8 million in annual interest expenses for September 30, 2024 and $23 million of account balance and approximately $891 thousand in annual interest expense for December 31, 2023. The scheduled maturities of all certificates of deposit at September 30, 2024 were as follows:


2024	$	78,420
2025		164,896
2026		24,584
2027		16,524
2028		2,274
2029		4,778
Total	$	291,476