Annual report pursuant to Section 13 and 15(d)

Note 15 - Related Party Transactions

v3.21.1
Note 15 - Related Party Transactions
12 Months Ended
Dec. 31, 2020
Notes to Financial Statements  
Related Party Transactions Disclosure [Text Block]

Note 15Related Party Transactions

The Bancorp had aggregate loans outstanding to directors and executive officers (with individual balances exceeding $120 thousand) of approximately $4.4 million at December 31, 2020, and approximately $4.0 million at December 31, 2019. For the year ended December 31, 2020, the following activity occurred on these loans

 

   

(Dollars in thousands)

 

Aggregate balance at the beginning of the year

  $ 4,021  

New loans

    1,042  

Repayments

    (713 )

Aggregate balance at the end of the year

  $ 4,350  

 

Deposits from directors and executive officers totaled approximately $5.3 million and $4.5 million at December 31, 2020 and 2019, respectively.