DEPOSITS

9 Months Ended

Sep. 30, 2025

DEPOSITS.

DEPOSITS

6. DEPOSITS

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

	September 30,		December 31,
	2025		2024
	(Unaudited)
Demand deposits	$	36,668	$	30,639
NOW accounts		26,788		27,058
Regular savings and demand clubs		25,268		22,752
Money markets		87,113		62,767
Certificates of deposit and retirement accounts		62,291		67,355
	$	238,128	$	210,571

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

	September 30,
	2025
	Unaudited
2025	$	15,085
2026		32,763
2027		8,819
2028		3,967
2029		1,465
Thereafter		192
	$	62,291

The aggregate amount of time deposits in denominations of $250,000 or more were $38.0 million and $38.3 million including brokered deposits of $16.7 million and $16.9 million at September 30, 2025 and December 31, 2024, respectively. The FDIC generally provides federal deposit insurance per account owner of $250,000.

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

	Three Months Ended September 30,
	2025		2024
	Unaudited
	(Dollars in Thousands)
NOW accounts	$	7	$	5
Regular savings and demand clubs		34		4
Money markets		644		343
Certificates of deposit and retirement accounts		512		606
	$	1,197	$	958

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

	Nine Months Ended September 30,
	2025		2024
	(Dollars in Thousands)
NOW accounts	$	19	$	17
Regular savings and demand clubs		85		11
Money markets		1,483		1,045
Certificates of deposit and retirement accounts		1,532		1,836
	$	3,119	$	2,909

Related party deposits for the nine months ended September 30, 2025 were $1.8 million. Related party deposits for the year ended December 31, 2024 were $1.1 million.