The Company conducts transactions with its directors and executive officers, including companies in which they have beneficial interest, in the normal course of business. It is the policy of the Company that loan transactions with directors and executive officers be made on substantially the same terms as those prevailing at the time for comparable loans to other persons. The following is a summary of activity for related party loans: (in thousands).

	For Year Ended December 31, 2020			For Year Ended December 31, 2019
Beginning balance	$	1,034		$	1,037
Loans advanced		—			96
Change in related party	206				—
Repayments		(313	)		(99	)
Ending balance	$	927		$	1,034

The aggregate amount of deposits from directors and executive officers and their affiliates amounted to approximately $2.5 million and $2.0 million at December 31, 2020 and 2019, respectively.