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RELATED PARTY TRANSACTIONS
 12 Months Ended
Dec. 31, 2024
Related Party Transactions [Abstract]  
RELATED PARTY TRANSACTIONS RELATED PARTY TRANSACTIONS
Directors and executive officers of the Company, including their immediate families and companies in which they have a direct or indirect material interest, are considered to be related parties. In the ordinary course of business, the Company engages in various related party transactions, including extending credit, taking deposits and bank service transactions. The Company relies on the directors and executive officers for the identification of their associates.
The following table represents loans to principal officers, directors and their related interests, including loans acquired from the Merger, during 2024:
Balance, beginning of year$289 
New loans641 
Repayments(823)
Director and officer relationship changes11,810 
Balance, end of year$11,917 
None of these loans are past due, on nonaccrual status or have been restructured to provide a reduction or deferral of interest or principal because of deterioration in the financial position of the borrower. There were no loans to a related party that were considered classified loans at December 31, 2024 or 2023.
At December 31, 2024 and 2023, the Company had approximately $4.2 million and $3.6 million, respectively, in deposits from related parties, including directors and certain executive officers.