DEPOSITS

6 Months Ended

Jun. 30, 2025

DEPOSITS.

DEPOSITS

6. DEPOSITS

The components of deposits at June 30, 2025 and December 31, 2024 consisted of the following:

	June 30,		December 31,
	2025		2024
	(Unaudited)
Demand deposits	$	33,019	$	30,639
NOW accounts		25,923		27,058
Regular savings and demand clubs		26,802		22,752
Money markets		77,452		62,767
Certificates of deposit and retirement accounts		65,621		67,355
	$	228,817	$	210,571

At June 30, 2025, certificates of deposit and retirement accounts had scheduled maturities as follows (dollars in thousands):

	June 30,
	2025
	Unaudited
2025	$	26,197
2026		25,806
2027		7,945
2028		1,976
2029		716
Thereafter		2,981
	$	65,621

The aggregate amount of time deposits in denominations of $250,000 or more were $38.3 million (unaudited) and $38.3 million including brokered deposits of $18.1 million (unaudited) and $16.9 million at June 30, 2025 and December 31, 2024. The FDIC generally provides federal deposit insurance per account owner of $250,000.

Interest expense on deposits for the three months ended June 30, 2025 and 2024 was as follows:

	Three Months Ended June 30,
	2025		2024
	Unaudited
	(Dollars in Thousands)
NOW accounts	$	6	$	6
Regular savings and demand clubs		34		3
Money markets		443		376
Certificates of deposit and retirement accounts		512		637
	$	995	$	1,022

Interest expense on deposits for the six months ended June 30, 2025 and 2024 was as follows:

	Six Months Ended June 30,
	2025		2024
	(Dollars in Thousands)
NOW accounts	$	12	$	12
Regular savings and demand clubs		51		7
Money markets		839		702
Certificates of deposit and retirement accounts		1,020		1,230
	$	1,922	$	1,951

Related party deposits for the six months ended June 30, 2025 were $1.8 million (unaudited). Related party deposits for the year ended December 31, 2024 were $1.1 million.