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Deposits (Tables)
9 Months Ended
Sep. 30, 2024
Deposits [Abstract]  
Composition of Deposits

The composition of deposits is summarized below:

 

 

September 30,
2024

 

 

December 31, 2023

 

 

(in thousands)

 

Non-interest bearing checking

 

$

71,374

 

 

$

78,476

 

Interest bearing checking

 

 

27,116

 

 

 

28,899

 

Money market

 

 

95,783

 

 

 

88,687

 

Statement savings

 

 

39,958

 

 

 

46,473

 

Certificates of deposit

 

 

161,079

 

 

 

161,148

 

Total

 

$

395,310

 

 

$

403,683

 

Scheduled Maturities of Certificates of Deposit

As of September 30, 2024, the scheduled maturities of certificates of deposit for the annual periods are presented below:

 

 

(in thousands)

 

2024

 

$

43,811

 

2025

 

 

104,657

 

2026

 

 

12,214

 

2027

 

 

228

 

2028

 

 

75

 

Thereafter

 

 

94

 

Total

 

$

161,079