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Deposits
12 Months Ended
Dec. 31, 2024
Deposits [Abstract]  
Deposits

6.    Deposits

The following table details the maturity distribution of time deposits as of December 31st for the past two years:

    

    

More than

    

More than

    

    

 

 

three

 

six months

 

 

Three

 

months

 

through

 

More than

months or

 

through six

 

twelve

twelve

(In thousands)

less

 

months

 

months

months

Total

At December 31, 2024:

 

  

 

  

 

  

 

  

 

  

Less than $250,000

$

197,392

$

186,828

$

150,942

$

41,260

$

576,422

$250,000 or more

 

85,296

100,173

47,951

5,261

238,681

At December 31, 2023:

 

  

 

  

 

  

 

  

 

  

Less than $250,000

$

157,742

$

140,052

$

104,619

$

88,311

$

490,724

$250,000 or more

 

21,649

63,783

36,830

13,078

135,340

The following table presents the expected maturities of time deposits over the next five years:

(In thousands)

    

2025

    

2026

    

2027

    

2028

    

2029

    

Thereafter

    

Total

Balance maturing

$

768,582

$

33,387

$

11,178

$

1,306

$

542

$

108

$

815,103

Time deposits with balances of $250 thousand or more totaled $238.7 million and $135.3 million at December 31, 2024 and 2023, respectively.

Deposits from principal officers, directors, and their affiliates at year-end 2024 and 2023 were $30.6 million and $33.0 million, respectively.