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Related-Party Transactions

12 Months Ended

Dec. 31, 2022

NOTE 14 – RELATED-PARTY TRANSACTIONS

Loans to principal officers, directors, and their affiliates during 2022 and 2021 were as follows:


	Year ended December 31,
	2022		2021
Beginning balance	$	10,137	$	10,277
New loans		1,189		2,843
Repayments		(3,028)		(2,983)
Ending balance	$	8,298	$	10,137

All loans to related parties were made by CFBank in the ordinary course of business under terms equivalent to those prevailing in the market for arm’s length transactions at the time of origination.

Deposits from principal officers, directors, and their affiliates totaled $4,214 and $8,282 at year-end 2022 and 2021, respectively.