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Related Party Transactions

12 Months Ended

Dec. 31, 2024

NOTE 20 – RELATED PARTY TRANSACTIONS

Loans to principal officers, directors, and their affiliates during 2024 and 2023 were as follows:


	2024			2023
Beginning balance	$	12,954		$	10,491
New loans		23,250			4,404
Repayments		(2,754	)		(1,941	)
Ending balance	$	33,450		$	12,954

Deposits from principal officers, directors, and their affiliates at year-end 2024 and 2023 were $13.6 million and $13.4 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
-Topic 946
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-Name Accounting Standards Codification
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Reference 2: http://www.xbrl.org/2003/role/disclosureRef
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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+ Details