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Related Party Transactions
12 Months Ended
Dec. 31, 2023
Related Party Transactions [Abstract]  
Related Party Transactions

(10) Related Party Transactions

 

The Company has entered into transactions with its executive officers, directors and their affiliates in the ordinary course of business.

 

During 2023, the Company incurred approximately $65,000 in legal fees payable to a law firm owned by a director.

 

At December 31, 2023 and 2022, related parties had approximately $30,623,000 and $32,750,000, respectively, on deposit with the Company.

 

At December 31, 2023 and 2022, related party loans totaled $131,500 and $100,500, respectively.