Deposits

12 Months Ended

Dec. 31, 2024

Deposits

Deposits

8. Deposits

The following table summarizes deposits as of December 31, 2024 and 2023:

(in thousands)	2024			2023
		Balance	Percent		Balance	Percent
Non-Interest-bearing deposits:	$	426,737	27%	$	427,670	28%
Interest-bearing deposits:
Demand		386,803	25%		350,860	22%
Money market- retail		447,149	28%		385,649	25%
Money market- brokered		1	0%		—	—
Savings deposits		170,972	11%		191,265	12%
Time deposits- retail		143,167	9%		165,533	11%
Time deposits- brokered		—	—		30,000	2%
Total Deposits	$	1,574,829	100%	$	1,550,977	100%

Time deposits that met or exceeded the FDIC insurance limit of $250,000 at December 31, 2024 and 2023 totaled $43.7 million and $48.8 million, respectively.  At December 31, 2024 and 2023, $0.2 million and $0.4 million, respectively, of deposit overdrafts were re-classified as loans.

The following is a summary of the scheduled maturities of all time deposits maturing within the following years ended  December 31:

(in thousands)	Time deposits- retail
2025	$	122,732
2026		13,138
2027		6,634
2028		337
2029		270
Thereafter		56
Total	$	143,167

In the ordinary course of business, executive officers and directors of the Corporation, including their families and companies in which certain directors are principal owners, were deposit customers of the Bank. At December 31, 2024, executive officers and directors had approximately $11.9 million in deposits with the Bank compared to $17.2 million at December 31, 2023.