Annual report pursuant to Section 13 and 15(d)

Note 14 - Related Party Transactions

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Note 14 - Related Party Transactions
12 Months Ended
Dec. 31, 2023
Notes to Financial Statements  
Related Party Transactions Disclosure [Text Block]

Note 14 Related Party Transactions

The Bancorp had aggregate loans outstanding to directors and executive officers (with individual balances exceeding $120 thousand) of approximately $3.8 million at December 31, 2023, and approximately $3.5 million at December 31, 2022. For the year ended December 31, 2023, the following activity occurred on these loans:

 

   

(Dollars in thousands)

 

Aggregate balance at the beginning of the year

  $ 3,529  

New loans

    650  

Repayments

    (383 )

Aggregate balance at the end of the year

  $ 3,796  

 

Deposits from directors and executive officers totaled approximately $4.0 million and $3.7 million at December 31, 2023, and 2022, respectively.