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RELATED PARTY TRANSACTIONS (Tables) | 12 Months Ended
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Dec. 31, 2023
RELATED PARTY TRANSACTIONS [Abstract] |
Summary of Loan Activity with Officers, Directors, Stockholders and Associates | 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, 2023 and 2022 with officers, directors, stockholders and associates of such persons is listed below (in thousands):
|  | Year Ended December 31, |
|  | 2023 |  |  | 2022 |
Balance, beginning of year |  | $ | 9,592 |  |  | $ | 11,680 |
New loans |  |  | 7,786 |  |  |  | 5,199 |
Repayments |  |  | (4,463 | ) |  |  | (7,287 | )
Balance, end of year |  | $ | 12,915 |  |  | $ | 9,592 |
Letter of credit |  | $ | 1,663 |  |  | $ | - |

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- Definition Tabular disclosure of related party transactions. Examples of related party transactions include, but are not limited to, transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners and (d) affiliates. + References No definition available. + Details
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