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Deposits (Tables)
12 Months Ended
Dec. 31, 2023
Deposits [Abstract]  
Schedule of Composition of Time Deposits

The composition of deposits at December 31, 2023 and 2022 is as follows:

 

 

 

2023

 

 

2022

 

 

 

Amount

 

 

Percentage
of Total

 

 

Amount

 

 

Percentage
of Total

 

 

 

(dollars in thousands)

 

Demand noninterest-bearing

 

$

269,998

 

 

 

27

%

 

$

261,882

 

 

 

28

%

Interest checking and money market

 

 

417,318

 

 

 

43

%

 

 

486,548

 

 

 

52

%

Savings

 

 

101,193

 

 

 

10

%

 

 

104,301

 

 

 

11

%

Time deposits $250,000 and over

 

 

78,046

 

 

 

8

%

 

 

35,979

 

 

 

4

%

Other time deposits

 

 

115,158

 

 

 

12

%

 

 

51,146

 

 

 

5

%

Total

 

$

981,713

 

 

 

100

%

 

$

939,856

 

 

 

100

%

 

Note 8 - Deposits (Continued)

Maturities of Fixed-Rate Time Deposits

The maturities of fixed-rate time deposits at December 31, 2023 are reflected in the table below:

 

 

 

Time Deposits

 

 

Other

 

Year ending December 31,

 

$250,000 and Over

 

 

Time Deposits

 

 

 

(dollars in thousands)

 

2024

 

$

76,086

 

 

$

102,702

 

2025

 

 

1,960

 

 

 

8,282

 

2026

 

 

 

 

 

2,573

 

2027

 

 

 

 

 

1,097

 

2028

 

 

 

 

 

498

 

Thereafter

 

 

 

 

 

6

 

Total

 

$

78,046

 

 

$

115,158