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Related Party Transactions

12 Months Ended

Dec. 31, 2023

NOTE 20 – RELATED PARTY TRANSACTIONS

Loans to principal officers, directors, and their affiliates during 2023 and 2022 were as follows:


		2023			2022
Beginning balance	$	10,491		$	11,074
New loans		4,404			983
Repayments		(1,941	)		(1,566	)
Ending balance	$	12,954		$	10,491

Deposits from principal officers, directors, and their affiliates at year-end 2023 and 2022 were $13.4 million and $18.3 million.

- Definition

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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+ Details