Note 13 - Related Parties

12 Months Ended

Dec. 31, 2019

NOTE

– RELATED PARTIES

Certain directors and executive officers of our bank, including their immediate families and companies in which they are principal owners, were loan customers of our bank. At year-end

2019

and

2018,

our bank had

$115

million and

$41.3

million in loan commitments to directors and executive officers, of which

$104

million and

$92.0

million were outstanding at year-end

2019

and

2018,

respectively, as reflected in the following table.

	2019			2018

Beginning balance	$	92,033,000		$	14,473,000
New loans		16,662,000			79,330,000
Repayments		(4,652,000	)		(1,770,000	)

Ending balance	$	104,043,000		$	92,033,000

Related party deposits and repurchase agreements totaled

$15.0

million and

$14.8

million at year-end

2019

and

2018,

respectively.