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RELATED PARTY TRANSACTIONS (Tables)

12 Months Ended

Dec. 31, 2023

Related Party Transactions [Abstract]

Summary of Related Party Loans

These loans are summarized as follows for the years ended December 31, 2023 and 2022 (in thousands):

						2023						2022
Balance at beginning of year						$	28,062					$	51,192
New loans or additional advances						77						990
Effect of changes in composition of related parties						(4)						(22,607)
Repayments						(2,077)						(1,513)
Balance at end of year						$	26,058					$	28,062

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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.

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