Certain executive officers and directors of the Company and Bank, and companies with which they are affiliated, are clients of and have banking transactions with the Company in the ordinary course of business. These transactions are conducted on substantially the same terms, including interest rates and collateral, as those prevailing at the time for comparable transactions with persons not related to the Company.



(in thousands)	2021		2020
Balance at beginning of year	$	19,275	$	22,112
Add: New loans	15,717		99
Less: Amounts collected	(2,468)		(2,936)

Balance at end of year	$	32,524	$	19,275

Deposits from officers and directors and their related interests were $113.8 million at December 31, 2021, and $148.4 million at December 31, 2020.

A director of the Company owns an interest in an entity from which the Company leases space for one of its Rockville, Maryland locations. Payments made in accordance with the lease were $79.0 thousand and $76.3 thousand in 2021 and 2020, respectively.

Company directors, or their related interests, held $2.5 million of the subordinated notes outstanding as of December 31, 2021. These notes hold a fixed rate of interest until November 30, 2025, after which it converts to variable rate.

Company directors, or their related interests, did not hold any participation loans from the Bank as of December 31, 2021 or December 31, 2020. Company and Bank directors, or their related interests, held no participation loans from Church Street Capital as of December 31, 2021, and $120.9 thousand of participation loans from Church Street Capital as of December 31, 2020.