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Note 18 - Related Party Transactions
 12 Months Ended
Dec. 31, 2024
Notes to Financial Statements  
Related Party Transactions Disclosure [Text Block]

Note 18. Related Party Transactions

 

Loans to principal officers, directors, and their affiliates were as follows:

 

  

Year Ended December 31,

 
  

2024

  

2023

 

(Amounts in thousands)

        

Beginning balance

 $30,017  $30,981 

New loans and advances

  6,727   5,215 

Loan repayments

  (11,497)  (6,217)

Reclassifications(1)

  307   38 

Ending balance

 $25,554  $30,017 

 

(1)

Changes related to the composition of the Company's directors, executive officers, and related insiders

 

Deposits from related parties totaled $15.16 million as of December 31, 2024, and $15.19 million as of December 31, 2023. Legal fees paid to related parties totaled $81 thousand in 2024, $41 thousand in 2023, and $47 thousand in 2022. There were no lease payments paid to related parties in 2024, 2023, or 2022. Other expense paid to related parties totaled $6 thousand in 2024, $53 thousand in 2023, and $23 thousand in 2022.