Annual report [Section 13 and 15(d), not S-K Item 405]

DEPOSITS

v3.25.0.1
DEPOSITS
 12 Months Ended
Dec. 31, 2024
Deposits [Abstract]  
DEPOSITS
Note 10
DEPOSITS
The composition of the Company’s
 
interest bearing deposits at December 31 was as follows:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(Dollars in Thousands)
2024
2023
NOW Accounts
$
1,285,281
$
1,327,420
Money Market Accounts
404,396
319,319
Savings Deposits
506,766
547,634
Time Deposits
169,280
129,515
Total Interest Bearing
 
Deposits
$
2,365,723
$
2,323,888
At December 31, 2024 and 2023, $
1.2
 
million and $
1.0
 
million in overdrawn deposit accounts were reclassified as loans,
respectively.
The amount of time deposits that meet or exceed the FDIC insurance limit of $250,000
 
totaled $
56.8
 
million and $
14.7
 
million at
December 31, 2024 and 2023, respectively.
At December 31, the scheduled maturities of time deposits were as follows:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(Dollars in Thousands)
2024
2025
$
149,244
2026
9,696
2027
7,099
2028
1,755
2029
1,486
Total
$
169,280
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Interest expense on deposits for the three years ended December 31, was as follows:
(Dollars in Thousands)
2024
2023
2022
NOW Accounts
$
16,835
$
12,375
$
2,800
Money Market Accounts
9,957
3,670
203
Savings Deposits
723
598
309
Time Deposits < $250,000
3,579
117
129
Time Deposits > $250,000
1,068
822
3
Total Interest Expense
$
32,162
$
17,582
$
3,444