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Note M - Related Party Transactions | 12 Months Ended
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Dec. 31, 2019
Notes to Financial Statements |
Related Party Transactions Disclosure [Text Block] | Note M - Related Party Transactions Certain directors, executive officers and companies with which they are affiliated were loan customers during 2019. A summary of activity on these borrower relationships with aggregate debt greater than $120 is as follows:
Total loans at January 1, 2019 |  | $ | 3,674 |
New loans |  |  | 890 |
Repayments |  |  | (391 | )
Other changes |  |  | (199 | )
Total loans at December 31, 2019 |  | $ | 3,974 |
Other changes include adjustments for loans applicable to one reporting period that are excludable from the other reporting period, such as changes in persons classified as directors, executive officers and companies’ affiliates. Deposits from principal officers, directors, and their affiliates at year-end 2019 and 2018 were $47,911 and $52,877. In addition, the Company had promissory notes outstanding with directors and their affiliates totaling $3,558 at year-end 2019 and 2018. The interest rates ranged from 1.50% to 2.85%, with terms ranging from 10 to 36 months.

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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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