XML 37 R24.htm IDEA: XBRL DOCUMENT v3.24.0.1
Related Party Transactions
 12 Months Ended
Dec. 31, 2023
Related Party Transactions [Abstract]  
Related Party Transactions

Note 15. Related Party Transactions

During the years ended December 31, 2023 and 2022, officers, directors, and principal shareholders and their related interests (related parties) were customers of and had transactions with the Bank. These transactions were made in the ordinary course of business, on substantially the same terms, including interest rates and collateral, as those prevailing at the time for comparable loans with persons not deemed related parties to the Bank and did not involve more than the normal risk of collectability or present other unfavorable features. The following table presents loan transactions with such related parties as of and for the periods stated.

 

 

 

December 31,

 

(Dollars in thousands)

 

2023

 

 

2022

 

Total loans, beginning of period

 

$

8,118

 

 

$

7,737

 

Advances

 

 

5,505

 

 

 

4,703

 

Curtailments

 

 

(7,044

)

 

 

(4,322

)

Total loans, end of period

 

$

6,579

 

 

$

8,118

 

 

The Bank held related party deposits of approximately $14.4 million and $11.6 million as of December 31, 2023 and 2022, respectively.