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Note 11 - Related Parties | 12 Months Ended
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Dec. 31, 2024
Notes to Financial Statements |
Related Party Transactions Disclosure [Text Block] | NOTE 11 – 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 2024 and 2023, our bank had $20.4 million and $124 million in loan commitments to directors and executive officers, of which $7.8 million and $89.5 million were outstanding at year-end 2024 and 2023, respectively, as reflected in the following table.
(Dollars in thousands) |  | 2024 |  |  | 2023 |
Beginning balance |  | $ | 89,507 |  |  | $ | 92,660 |
New loans |  |  | 1,898 |  |  |  | 3,221 |
Repayments |  |  | (3,788 | ) |  |  | (5,410 | )
Effect of changes in related parties |  |  | (79,847 | ) |  |  | (964 | )
Ending balance |  | $ | 7,770 |  |  | $ | 89,507 |
Related party deposits and repurchase agreements totaled $17.9 million and $20.7 million at year-end 2024 and 2023, respectively.

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