Note 8 - Deposits

12 Months Ended

Dec. 31, 2023

Notes to Financial Statements

Deposits Assets Disclosure Noncurrent [Text Block]

(8)         DEPOSITS

Deposits at December 31, 2023 and 2022 consisted of the following:

(In thousands)	2023		2022
Noninterest-bearing demand deposits	$	205,535	$	254,842
NOW accounts		391,232		394,425
Savings accounts		237,542		279,937
Money market accounts		65,315		81,336
Time deposits		125,587		49,856
Total deposits	$	1,025,211	$	1,060,396

The aggregate amount of time deposit accounts with balances that met or exceeded the Federal Deposit Insurance Corporation (“FDIC”) insurance limit of $250,000 was approximately $32.4 million and $5.3 million at December 31, 2023 and 2022, respectively.

At December 31, 2023, scheduled maturities of time deposits were as follows:

Year ending December 31:
(In thousands)
2024	$	110,686
2025		7,711
2026		4,756
2027		1,691
2028		743
Total	$	125,587

The Bank held deposits of approximately $10.1 million and $12.5 million for related parties at December 31, 2023 and 2022, respectively.