XML 36 R16.htm IDEA: XBRL DOCUMENT

Deposits

12 Months Ended

Dec. 31, 2023

Note 8. Deposits

The aggregate amount of time deposits in denominations of $250,000 or more was $225.7 million and $147.2 million at December 31, 2023 and 2022, respectively. At December 31, 2023, the scheduled maturities of time deposits are as follows (in thousands):


2024	$	474,114
2025		49,474
2026		10,018
2027		9,192
2028		7,670
Thereafter		—
Total	$	550,468

As of December 31, 2023, and 2022, there was a fair value adjustment of $106 thousand and $239 thousand, respectively, to time deposits as a result of business combinations.

From time to time, the Company engages in deposit transactions with its directors, executive officers and their related interests (collectively referred to as "related parties"). Such deposits are made in the ordinary course of business and on substantially the same terms as those for comparable transactions prevailing at the time and do not present other unfavorable features. The total amount of related party deposits was $85.0 million and $23.2 million at December 31, 2023 and 2022, respectively.