Related Party Transactions

3 Months Ended

Mar. 31, 2023

Note 15: Related Party Transactions:

In the ordinary course of business, the Company has granted loans to certain directors, executive officers and their affiliates (collectively referred to as “related parties”). None of the related party loans were classified as nonaccrual, past due, restructured, or potential problem loans at March 31, 2023 or December 31, 2022.

The following represents the activity associated with loans to related parties during the three months ended March 31, 2023 and the year ended December 31, 2022:


	March 31,			December 31,
(In thousands)		2023			2022
Balance at the beginning of the year	$	32,531		$	22,427
Originations and related party additions		75			15,278
Principal payments and related party removals		(611	)		(5,174	)
Balance at the end of the period	$	31,995		$	32,531