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Note 13 - Related Parties | 12 Months Ended
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Dec. 31, 2019
Notes to Financial Statements |
Related Party Transactions Disclosure [Text Block] | NOTE 13 – RELATED PARTIES Certain directors and executive officers of our bank, including their immediate families and companies in which they are principal owners, were loan customers of our bank. At year-end 2019 and 2018, our bank had $115 million and $41.3 million in loan commitments to directors and executive officers, of which $104 million and $92.0 million were outstanding at year-end 2019 and 2018, respectively, as reflected in the following table.
|  | 2019 |  |  | 2018 |
Beginning balance |  | $ | 92,033,000 |  |  | $ | 14,473,000 |
New loans |  |  | 16,662,000 |  |  |  | 79,330,000 |
Repayments |  |  | (4,652,000 | ) |  |  | (1,770,000 | )
Ending balance |  | $ | 104,043,000 |  |  | $ | 92,033,000 |
Related party deposits and repurchase agreements totaled $15.0 million and $14.8 million at year-end 2019 and 2018, respectively.

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- 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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -URI http://asc.fasb.org/topic&trid=2122745 + Details
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