Note 5 - Deposits

3 Months Ended

Mar. 31, 2023

Notes to Financial Statements

Deposit Liabilities Disclosures [Text Block]

Note 5 — Deposits

At March 31, 2023 and December 31, 2022, the aggregate balance of uninsured time deposits of $250,000 or more was $120.3 million and $115.5 million, respectively. The Company does not have uninsured deposits less than $250,000 in aggregate balance.

A summary of the contractual maturities of time deposits at March 31, 2023 is as follows:

	(In Thousands)
Within one year	$	538,425
More than one to two years		128,888
More than two to three years		7,063
More than three to four years		761
More than four through five years		729
	$	675,866

Certain directors and executive officers, including their immediate families and companies in which they are principal owners, are depositors of the Corporation. Such deposits amounted to $7.8 million and $9.2 million at March 31, 2023 and December 31, 2022, respectively.

As of March 31, 2023, overdrawn deposit accounts totaling $1.2 million were reclassified as loan balances.