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Note 20 - Related Party Transactions
12 Months Ended
Dec. 31, 2021
Notes to Financial Statements  
Related Party Transactions Disclosure [Text Block]

Note 20.

Related Party Transactions

 

In the normal course of business, the Company grants loans to executive officers, directors and members of their immediate families, as defined, and to entities in which these individuals have more than a 10% equity ownership. The transactions are completed under the same terms applied to transaction with unrelated third parties. No related party loan was outstanding as of December 31, 2021. As of December 31, 2020 one loan of $100,000 was outstanding for one member of Board of Director.

 

As of December 31, 2021 and 2020, deposits by related parties aggregated $58,000 and $189,000, respectively.