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Transactions with Related Parties
 9 Months Ended
Sep. 30, 2023
Receivables [Abstract]  
Transactions with Related Parties

Note 17. Transactions with Related Parties

Directors, executive officers and non-executive officers of the Company have been customers of and have had transactions with the Bank, and it is expected that such persons will continue to have such transactions in the future. Aggregate loan transactions with related parties for the three and nine months ended September 30, 2023 and 2022 were as follows:

 

 

 

For the Three Months Ended September 30,

 

 

For the Nine Months Ended September 30,

 

 

 

2023

 

 

2022

 

 

2023

 

 

2022

 

 

 

(in thousand)

 

Beginning balance (1)

 

$

8,614

 

 

$

7,532

 

 

$

8,318

 

 

$

5,631

 

Originations (1)

 

 

50

 

 

 

1,223

 

 

 

678

 

 

 

5,418

 

Payments

 

 

(851

)

 

 

(269

)

 

 

(1,183

)

 

 

(2,563

)

Ending balance

 

$

7,813

 

 

$

8,486

 

 

$

7,813

 

 

$

8,486

 

 

(1)
Includes loans held by James Perez who became a director on March 17, 2022.

The Company held deposits in the amount of $7.0 million and $8.0 million from directors, executive officers and non-executive officers at September 30, 2023 and December 31, 2022, respectively.