Annual report [Section 13 and 15(d), not S-K Item 405]

Note 13 - Related Party Transactions

v3.25.1
Note 13 - Related Party Transactions
12 Months Ended
Dec. 31, 2024
Notes to Financial Statements  
Related Party Transactions Disclosure [Text Block]

Note 13 Related Party Transactions

 

The Company had aggregate loans outstanding to directors and executive officers (with individual balances exceeding $60 thousand) of approximately $4.4 million at December 31, 2024, and approximately $4.8 million at December 31, 2023. For the year ended December 31, 2024, the following activity occurred on these loans:

 

   

(Dollars in thousands)

 
   

2024

   

2023

 

Aggregate balance at the beginning of the year

  $ 4,832     $ 4,565  

New loans

    -       650  

Repayments

    (387 )     (383 )

Aggregate balance at the end of the year

  $ 4,445     $ 4,832  

 

Deposits from directors and executive officers totaled approximately $3.8 million and $4.0 million at December 31, 2024, and 2023, respectively.