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Note 17 - Transactions with Related Parties
 12 Months Ended
Dec. 31, 2024
Notes to Financial Statements  
Related Party Transactions Disclosure [Text Block]

Note 17. Transactions with Related Parties

 

During the year, executive officers and directors (and their affiliates) were customers of and had transactions with the Company in the normal course of business. In management’s opinion, these transactions were made on substantially the same terms as those prevailing for other customers.

 

At December 31, 2024 and 2023, these loans totaled $3.6 million and $1.1 million, respectively. During 2024, total principal additions were $174 thousand and total principal payments were $353 thousand.  

 

Deposits from related parties held by the Bank at December 31, 2024 and 2023 amounted to $24.1 million and $40.5 million, respectively.