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Note 4 - Related Party Transactions
 12 Months Ended
Dec. 31, 2020
Notes to Financial Statements  
Related Party Transactions Disclosure [Text Block]

Note 4: Related Party Transactions

In the ordinary course of business, the Company, through its banking subsidiary, has granted loans to related parties, including executive officers and directors of NBI and its subsidiaries. Total funded credit extended to related parties amounted to $15,519 at December 31, 2020 and $15,118 at December 31, 2019. During 2020, total principal additions totaled $10,649 and principal payments were $10,248. During 2019, total principal additions were $6,152 and principal payments were $6,372.

The Company held $16,140 in deposits for related parties as of December 31, 2020 and $7,176 as of December 31, 2019.

The Company leases to a director a small office space.  The lease payments totaled $5 in 2020 and $5 in 2019. The Company has also contracted with a director's firm to prepare architectural plans for a new office in Roanoke, Virginia.  The arrangement is at arms-length and the Company paid the director's firm $66 in 2020 and $28 in 2019.