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TRANSACTIONS WITH RELATED PARTIES AND THEIR AFFILIATES (Tables)

12 Months Ended

Dec. 31, 2023

TRANSACTIONS WITH RELATED PARTIES AND THEIR AFFILIATES

Schedule of loans made to executive officers and directors of the company and their related interests

​

​	​	​	​
​		(in thousands)
​	​	​	​
Beginning balance	​	$	6,827
Effect of changes in composition of related parties	​		2,861
New loans	​		3,944
Repayments	​		(2,687)
Ending balance	​	$	10,945

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- Definition

Tabular disclosure of related party transactions. Examples of related party transactions include, but are not limited to, transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners and (d) affiliates.

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