Note 5 - Deposits

9 Months Ended

Sep. 30, 2023

Notes to Financial Statements

Deposit Liabilities Disclosures [Text Block]

Note 5: Deposits

As of September 30, 2023, for years ended September 30, the scheduled maturities of time deposits are as follows:

For the 12 months ended
September 30,	Amount
	(Dollars in thousands)
2024	$	39,535
2025		11,251
2026		4,003
2027		1,764
2028 and beyond		4,008
Total	$	60,561

In the normal course of business, deposit accounts are held by directors and executive officers of the Company and the Bank (related parties). The terms for these accounts, including interest rates, fees, and other attributes, are similar to those prevailing for comparable transactions with other customers and do not involve more than the normal level of risk associated with deposit accounts. At September 30, 2023 and December 31, 2022, total deposits held by directors and officers of the Company and the Bank were $770,000 and $724,000, respectively.