Related Party Transactions

12 Months Ended

Dec. 31, 2023

Related Party Transactions [Abstract]

RELATED PARTY TRANSACTIONS

NOTE 24: RELATED PARTY TRANSACTIONS

In the ordinary course of business, the Company has granted loans to certain directors, executive officers and their affiliates (collectively referred to as “related parties”). None of the related party loans were classified as nonaccrual, past due, restructured, or potential problem loans at December 31, 2023 or 2022.

The following represents the activity associated with loans to related parties during the years ended:

	December 31,			December 31,
(In thousands)		2023			2022
Balance at the beginning of the year	$	32,531		$	22,427
Originations and related party additions		4,360			15,278
Principal payments and related party removals		(4,149	)		(5,174	)
Balance at the end of the period	$	32,742		$	32,531

Deposit accounts of related parties at December 31, 2023 and 2022 were $20.0 million and $19.5 million, respectively.