Interest-Bearing Deposits

12 Months Ended

Dec. 31, 2023

Deposits [Abstract]

Interest-Bearing Deposits

NOTE 9 - INTEREST-BEARING DEPOSITS

Interest-bearing deposits as of December 31, 2023 and 2022 were as follows:

	2023		2022
Demand	$	449,449	$	527,879
Savings and Money markets		863,067		876,427
Certificates of Deposit:
$250 and over		92,933		45,380
Other		765,734		227,886
Individual Retirement Accounts		42,146		46,079
Total	$	2,213,329	$	1,723,651

Scheduled maturities of certificates of deposit ("CDs"), including IRAs, at December 31, 2023 were as follows:

2024	$	867,436
2025		16,991
2026		8,261
2027		4,822
2028		2,500
Thereafter		803
Total	$	900,813

Deposits from the Company’s principal shareholders, officers, directors, and their affiliates at year-end 2023 and 2022 were $11,546 and $10,166, respectively.

As of December 31, 2023, CDs and IRAs totaling $98,158 met or exceeded the FDIC’s insurance limit of $250,000.

As of December 31, 2023, brokered deposits totaled $517,190.