Related Party Transactions

12 Months Ended

Dec. 31, 2021

Note 19 - Related Party Transactions

Loans to executive officers, directors, and their affiliates at December 31, 2021 and 2020, were as follows:


(Dollars in thousands)	2021		2020
Balance, beginning of year	$	1,392	$	1,093
Advances	907		1,092
Principal repayments	(1,544)		(793)
Effect of changes in composition of related parties	(284)		—
Balance, end of year	$	471	$	1,392

Commitments to extend credit	$	833	$	2,702

None of the above loans were considered non-performing or potential problem loans. These loans were made in the ordinary course of business and on substantially the same terms, including interest rates and collateral, as those prevailing at the time for comparable transactions with other unaffiliated persons and do not involve more than normal risk of collectability.

Deposits from related parties held by the Company at December 31, 2021 and 2020, amounted to $30.0 million and $30.4 million, respectively.