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Transactions with Directors and Officers
12 Months Ended
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.