XML 33 R20.htm IDEA: XBRL DOCUMENT v3.22.4
Note 12 - Related Parties
 12 Months Ended
Dec. 31, 2022
Notes to Financial Statements  
Related Party Transactions Disclosure [Text Block]

NOTE 12 – 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 2022 and 2021, our bank had $116 million and $104 million in loan commitments to directors and executive officers, of which $92.7 million and $87.7 million were outstanding at year-end 2022 and 2021, respectively, as reflected in the following table.

 

   

2022

    

2021

  
                 

Beginning balance

   $ 87,672,000     $ 108,042,000  

New loans

     10,619,000       2,542,000  

Repayments

     (5,631,000

)

     (22,912,000

)
                 

Ending balance

   $ 92,660,000     $ 87,672,000  

 

Related party deposits and repurchase agreements totaled $21.5 million and $18.4 million at year-end 2022 and 2021, respectively.