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RELATED PARTY TRANSACTIONS
12 Months Ended
Dec. 31, 2019
RELATED PARTY TRANSACTIONS [Abstract]  
RELATED PARTY TRANSACTIONS
14. RELATED PARTY TRANSACTIONS
Certain executive officers and directors of the Company, or companies in which they have 10 percent or more beneficial ownership, were indebted to the Bank.    A summary of loan activity for the years ended December 31, 2019 and 2018 with officers, directors, stockholders and associates of such persons is listed below (in thousands):
  
Year Ended December 31,
 
 
 
2019
  
2018
 
Balance, beginning of year
 
$
14,094
  
$
4,585
 
  New loans
  
4,681
   
14,377
 
  Repayments
  
(5,318
)
  
(4,868
)
Balance, end of year
 
$
13,457
  
$
14,094