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Transactions with Directors and Officers | 12 Months Ended
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Dec. 31, 2019
Related Party Transactions [Abstract] |
Transactions with Directors and Officers | Transactions with Directors and Officers The Bank grants loans to and accepts deposits from its directors, principal officers and related parties of such persons during the ordinary course of business. The aggregate balance of loans to directors, principal officers and their related parties was $6.2 million and $5.9 million at December 31, 2019 and 2018, respectively. These balances reflect total principal additions of $4.7 million and total principal payments of $4.4 million, during 2019. The aggregate balance of deposits from directors, principal officers and their related parties was $24.3 million and $21.2 million at December 31, 2019 and 2018, respectively. Adjustments were made to prior year amounts for directors and officers that are now considered to be related parties.

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- Definition 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -URI http://asc.fasb.org/topic&trid=2122745 + Details
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