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RELATED PARTY TRANSACTIONS
 12 Months Ended
Dec. 31, 2020
RELATED PARTY TRANSACTIONS  
RELATED PARTY TRANSACTIONS

20.          RELATED PARTY TRANSACTIONS

In the ordinary course of business, the Company may enter into transactions with related parties, including Directors, shareholders, officers and their associates. These transactions are on substantially the same terms, including rates and collateral, as loans to unrelated parties and do not involve more than normal risk of collection.

The following is a summary of the aggregate loan activity involving related party borrowers for the dates indicated:

​

​

​

​

​

​

​

​

​

    

December 31, 

    

December 31, 

​

​

2020

​

2019

Beginning of the year

​

$

19,329

​

$

13,661

Disbursements

​

 

949

​

 

7,148

Amounts paid

​

 

(4,261)

​

 

(1,480)

End of year

​

$

16,017

​

$

19,329

Undisbursed commitments to related parties

​

$

821

​

$

1,017

​

At December 31, 2020 and 2019, the Company had deposits with directors, officers and their associates which totaled approximately $59.1 million and $50.8 million, respectively.