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DEPOSITS
6 Months Ended
Jun. 30, 2024
DEPOSITS  
DEPOSITS

NOTE 5 — DEPOSITS

Major classifications of deposits at June 30, 2024 and December 31, 2023 consisted of:

​

​

​

​

​

​

​

​

(Dollars in thousands)

    

June 30, 

​

December 31, 

​

​

2024

    

2023

Non-interest bearing demand

 

$

206,004

​

$

198,569

Interest bearing demand

​

 

263,637

​

 

275,472

Savings

​

 

201,789

​

 

212,280

Time certificates of deposits less than $250,000

​

 

275,059

​

 

259,841

Time certificates of deposits $250,000 or greater

​

 

36,234

​

 

33,185

Other time

​

 

1,486

​

 

1,092

Total deposits

​

$

984,209

​

$

980,439

​

Total deposits increased $3,770,000 to $984,209,000 as of June 30, 2024 due to increases in non-interest bearing demand and time deposits. The increase in deposits was mainly the result of increased time deposits as the result of new higher rate CD promotions during the first half of 2024, offset by a $5,208,000 decrease in municipal deposits.