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Related Party Transactions

12 Months Ended

Dec. 31, 2024

Note 13 – Related Party Transactions

Loans to executive officers, directors and their affiliates were as follows at December 31:


(Dollars in thousands)	2024			2023

Balance, beginning of year	$	30,316		$	24,036
New loans		10,782			16,881
Repayments		(4,918	)		(10,601	)
Effect of changes in related parties		-			-
Balance, end of year	$	36,180		$	30,316

Deposits from executive officers, directors and their affiliates were $25.5 million, $21.1 million and $30.0 million at December 31, 2024, 2023 and 2022, respectively.

- 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
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480990/946-20-50-2

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
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-URI https://asc.fasb.org/1943274/2147480990/946-20-50-5

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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Reference 6: http://www.xbrl.org/2003/role/disclosureRef
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Reference 7: http://www.xbrl.org/2003/role/disclosureRef
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Reference 10: http://www.xbrl.org/2003/role/disclosureRef
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+ Details