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Note 15 - Related Party Transactions
 12 Months Ended
Dec. 31, 2023
Notes to Financial Statements  
Related Party Transactions Disclosure [Text Block]

NOTE 15 - RELATED PARTY TRANSACTIONS

 

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

 

  

For the year ended December 31,

 

(dollars in thousands)

 

2023

  

2022

 

Beginning balance

 $6,869  $8,441 

Repayments

  —   (1,572)

Balance re-categorized to non-related party

  (6,869)  — 

Ending balance

 $—  $6,869 

 

Outstanding loan commitments to executive officers, directors and their related interests with whom they are associated were none and $1.6 million as of December 31, 2023 and 2022, respectively.

 

Deposits from principal officers, directors, and their affiliates at December 31, 2023 and 2022 were $25.7 million and $88.1 million, respectively. 

 

Certain directors and their affiliates own $6.0 million of RBB subordinated debentures as of December 31, 2023 and $8.1 million as of December 31, 2022.