Annual report [Section 13 and 15(d), not S-K Item 405]

Note 6 - Deposits

v3.25.1
Note 6 - Deposits
12 Months Ended
Dec. 31, 2024
Notes to Financial Statements  
Deposit Liabilities Disclosures [Text Block]

Note 6: Deposits

 

As of December 31, 2024, for the years below ended December 31, the scheduled maturities of time deposits are as follows:

 

Years Ended

 

Amount

 
    (Dollars in thousands)  

2025

  $ 63,630  

2026

    13,014  

2027

    2,232  

2028

    8,500  

2029 and beyond

    5,443  

Total

  $ 92,819  

 

In the normal course of business, deposit accounts are held by directors and officers of 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 December 31, 2024 and 2023, total deposits held by directors and officers of the Company and the Bank were $1.1 million and $739,000, respectively.