Note 9 - Deposits |
12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2023 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Notes to Financial Statements | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Deposit Liabilities Disclosures [Text Block] |
NOTE 9 – DEPOSITS
Deposits at year-end were as follows (dollars in thousands):
The following table depicts the maturity distribution of certificates of deposit at December 31, 2023 (dollars in thousands):
Time deposits that exceed the FDIC insurance limit of $250,000 at December 31, 2023 and 2022 were approximately $93.4 million and $29.7 million, respectively. As rates increased throughout 2023, the Company's time deposit account balances increased significantly. There were no brokered deposits at December 31, 2023 or 2022.
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- Definition The entire disclosure for deposit liabilities including data and tables. It may include a description of the entity's deposit liabilities, the aggregate amount of time deposits (including certificates of deposit) in denominations of $100,000 or more at the balance sheet date; the aggregate amount of any demand deposits that have been reclassified as loan balances, such as overdrafts, at the balance sheet date; deposits that are received on terms other than those in the normal course of business, the amount of accrued interest on deposit liabilities; securities, mortgage loans or other financial instruments that serve as collateral for deposits; for time deposits having a remaining term of more than one year, the aggregate amount of maturities for each of the five years following the balance sheet date; and the weighted average interest rate for all deposit liabilities held by the entity. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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