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Related-Party Transactions | 12 Months Ended
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Dec. 31, 2023
Related-Party Transactions [Abstract] |
Related-Party Transactions | NOTE 14 – RELATED-PARTY TRANSACTIONS Loans to principal officers, directors, and their affiliates during 2023 and 2022 were as follows:
| Year ended December 31,
| 2023 |  | 2022
Beginning balance | $ | 8,298 |  | $ | 10,137
New loans |  | 15,604 |  |  | 1,189
Repayments |  | (514) |  |  | (3,028)
Ending balance | $ | 23,388 |  | $ | 8,298
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 $3,922 and $4,214 at year-end 2023 and 2022, respectively.

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