DEPOSITS |
3 Months Ended | ||||||||||||||||||||||||||||||||||||||||||
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Mar. 31, 2026 | |||||||||||||||||||||||||||||||||||||||||||
| Deposit Liabilities [Abstract] | |||||||||||||||||||||||||||||||||||||||||||
| DEPOSITS | DEPOSITS Time deposits that met or exceeded the Federal Deposit Insurance Corporation (“FDIC”) insurance limit of $250 thousand at March 31, 2026 and December 31, 2025 were $629.8 million and $638.0 million, respectively. Scheduled maturities of time deposits as of March 31, 2026 were as follows (in thousands):
As of March 31, 2026, the Company had brokered deposits of $4 thousand and $12.5 million, or 0.1% of total deposits, as of December 31, 2025. Also included within deposits are public funds which are deposits from governments and municipalities that are subject to seasonality and are fully collateralized by either securities pledged or Federal Home Loan Bank of Dallas (“FHLB”) letters of credit. Public funds totaled $1.30 billion, or 14.5% of total deposits, as of March 31, 2026 compared to $1.22 billion, or 13.6% of total deposits, as of December 31, 2025.
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