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Transactions with Related Parties
 12 Months Ended
Dec. 31, 2024
Related Party Transactions [Abstract]  
Transactions with Related Parties Transactions with Related Parties
Loans to directors and principal officers, including their immediate families and affiliated companies in which they have a direct or indirect material interest, are considered to be related parties.
Aggregate loan balances with related parties were as follows (in thousands):
December 31, 2024
Balance, beginning$124,414 
New loans1,040 
Effect of changes in composition of related parties32,075 
Repayments(237)
Balance, ending$157,293 
None of the loans are past due, on non-accrual status, or have been restructured to provide a reduction or deferral of interest or principal because of deterioration in the financial position of the borrower. There were no loans to a related party that were considered classified loans at December 31, 2024, or December 31, 2023.
Deposits from related parties at years ended December 31, 2024, and December 31, 2023, were $156.8 million and $103.6 million.