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Related Party Transactions

12 Months Ended

Dec. 31, 2024

Note 18 -- Related Party Transactions

Certain officers, directors and principal stockholders of the Company and its subsidiaries, their immediate families or their affiliated companies (“related parties”) have loans with one or more of the subsidiaries. Loans to related parties totaled approximately $247.9 million and $248.7 million at December 31, 2024 and 2023, respectively. Activity during 2024 and 2023 was as follows (in thousands):


	2024			2023
Beginning balance	$	248,698		$	169,684
New loans		144,024			195,711
Loan repayments		(144,780	)		(116,697	)
Ending balance	$	247,942		$	248,698

Deposits from related parties held by First Mid Bank at December 31, 2024 and 2023 totaled $61.2 million and $37.7 million, respectively.

- Definition

The entire disclosure for related party transactions. Examples of related party transactions include 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.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
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-Name Accounting Standards Codification
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-URI https://asc.fasb.org/1943274/2147480990/946-20-50-2

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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+ Details