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RELATED PARTY TRANSACTIONS | 12 Months Ended
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Dec. 31, 2020
RELATED PARTY TRANSACTIONS |
RELATED PARTY TRANSACTIONS | NOTE 24 – RELATED PARTY TRANSACTIONS Loans As of December 31, 2020 and 2019, loans to directors, executive officers, principal shareholders and their affiliated entities (related parties) amounted to $3,072,000 and $4,162,000, respectively. These loans were made in the ordinary course of business on substantially the same terms, including interest rates and collateral, as those prevailing for comparable loans with persons not related to us. Deposits Deposits of related parties amounted to $2,596,000 and $11,949,000 as of December 31, 2020 and 2019, respectively.

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