DEPOSITS

6 Months Ended

Jun. 30, 2026

DEPOSITS.

DEPOSITS

6. DEPOSITS

Deposits, by deposit type, are summarized as follows:

	At June 30,		At December 31,
(In thousands)	2026		2025
Demand deposits	$	32,436	$	32,221
NOW accounts		28,021		27,801
Regular savings and demand clubs		24,325		25,662
Money markets		84,847		86,420
Certificates of deposit and retirement accounts		65,356		62,322
	$	234,985	$	234,426

Scheduled maturities of certificates of deposit and retirement accounts are summarized as follows:

(In thousands)	At June 30, 2026
2026	$	27,771
2027		30,551
2028		4,456
2029		1,466
2030		775
Thereafter		337
	$	65,356

The aggregate amount of time deposits in denominations of $250,000 or more were $40.7 million and $38.1 million including brokered deposits of $19.2 million and $16.7 million at June 30, 2026 and December 31, 2025, respectively. The FDIC generally provides federal deposit insurance per account owner of $250,000.

Interest expense on deposits for the three months ended June 30, 2026 and 2025 was as follows:

	Three Months Ended June 30,
(In thousands)	2026		2025
NOW accounts	$	6	$	6
Regular savings and demand clubs		14		33
Money markets		581		443
Certificates of deposit and retirement accounts		446		512
	$	1,047	$	994

Interest expense on deposits for the six months ended June 30, 2026 and 2025 was as follows:

	Six Months Ended June 30,
(In thousands)	2026		2025
NOW accounts	$	12	$	12
Regular savings and demand clubs		36		51
Money markets		1,180		839
Certificates of deposit and retirement accounts		913		1,020
	$	2,141	$	1,922

Related party deposits were $1.8 million and $1.5 million at June 30, 2026 and December 31, 2025, respectively.