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Related Party Transactions | 12 Months Ended
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Dec. 31, 2023
Related Party Transactions |
Related Party Transactions | NOTE 24 Related Party Transactions In the ordinary course of business, the Bank has extended loans to executive officers, directors, and their affiliates (related parties). These loans are made on substantially the same terms and conditions as those prevailing at the time for comparable transactions with outsiders and are not considered to involve more than the normal risk of collectability. The following table presents the activity associated with loans made between related parties at December 31, 2023 and 2022: ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Year ended December 31,
(dollars in thousands) |  | 2023 |  | 2022
Beginning balance | ​ | $ | 130 | ​ | $ | 34
New loans and advances | ​ | ​ | 1,313 | ​ | ​ | 145
Repayments | ​ | ​ | (665) | ​ | ​ | (95)
Changes to related parties (1) | ​ | ​ | 257 | ​ | ​ | 46
Ending balance | ​ | $ | 1,035 | ​ | $ | 130
(1) | Represents changes related to directors that were added to the Board during the year.
​ Deposits from related parties held by the Bank at December 31, 2023 and 2022, amounted to $710 thousand and $587 thousand, respectively.

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