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Note 18 - Related Party Transaction

12 Months Ended

Dec. 31, 2024

Notes to Financial Statements

Related Party Transactions Disclosure [Text Block]

18. Related Party Transaction

Loans to principal officers, directors, and their affiliates during 2024 and 2023 were as follows:

(Dollars in thousands)		December 31, 2024				December 31, 2023
Beginning balance		$	24,185			$	2,057
New loans			3,362				23,922
Repayments			(1,377	)			(1,794	)
Effect of change in related party status			(56	)			-
Ending balance		$	26,114			$	24,185

Deposits of related parties amount to $32.5 million and $33.1 million as of  December 31, 2024 and 2023, respectively.

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The entire disclosure for related party transactions. Examples of related party transactions include 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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