Annual report pursuant to Section 13 and 15(d)

Note 15 - Related Party Transactions

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Note 15 - Related Party Transactions
12 Months Ended
Dec. 31, 2021
Notes to Financial Statements  
Related Party Transactions Disclosure [Text Block]

Note 15 Related Party Transactions

The Bancorp had aggregate loans outstanding to directors and executive officers (with individual balances exceeding $120 thousand) of approximately $3.9 million at December 31, 2021, and approximately $4.4 million at December 31, 2020. For the year ended December 31, 2021, the following activity occurred on these loans

 

   

(Dollars in thousands)

 

Aggregate balance at the beginning of the year

  $ 4,350  

New loans

    -  

Repayments

    (467 )

Aggregate balance at the end of the year

  $ 3,883  

 

Deposits from directors and executive officers totaled approximately $3.9 million and $5.3 million at December 31, 2021 and 2020, respectively.