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Note 9 - Related Party Transaction

6 Months Ended

Jun. 30, 2025

Notes to Financial Statements

Related Party Transactions Disclosure [Text Block]

NOTE 9 - RELATED PARTY TRANSACTIONS

The following table summarizes lending activities to principal officers, directors, and their affiliates for the periods ended  June 30, 2025 and December 31, 2024:

(Dollar amounts in thousands)		June 30, 2025				December 31, 2024
Beginning balance		$	26,114			$	24,185
New loans			145				3,362
Repayments			(360	)			(1,377	)
Effect of change in related party status			-				(56	)
Ending balance		$	25,899			$	26,114

Deposits of related parties amount to $27.1 million and $32.5 million as of  June 30, 2025 and  December 31, 2024, 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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