Interest-Bearing Deposits

12 Months Ended

Dec. 31, 2024

Deposits [Abstract]

Interest-Bearing Deposits

NOTE 9 - INTEREST-BEARING DEPOSITS

Interest-bearing deposits as of December 31, 2024 and 2023 were as follows:

	2024		2023
Demand	$	419,583	$	449,449
Savings and Money markets		1,152,239		863,067
Certificates of Deposit:
$250 and over		120,543		92,933
Other		782,209		765,734
Individual Retirement Accounts		42,202		42,146
Total	$	2,516,776	$	2,213,329

Scheduled maturities of certificates of deposit ("CDs"), including IRAs, at December 31, 2024 were as follows:

2025	$	888,354
2026		34,928
2027		10,192
2028		5,620
2029		5,719
Thereafter		141
Total	$	944,954

Deposits from the Company’s principal shareholders, officers, directors, and their affiliates at year-end 2024 and 2023 were $11,769 and $11,546, respectively.

As of December 31, 2024 and December 31, 2023, CDs and IRAs totaling $125,868 and $98,158, respectively, met or exceeded the FDIC’s insurance limit of $250,000.

As of December 31, 2024 and December 31, 2023, brokered deposits totaled $500,265 and $517,190, respectively.