Related Party Transactions

12 Months Ended

Dec. 31, 2021

Certain directors, officers, and companies with which they are associated were customers of, and had banking transactions with, the Company or the Bank in the ordinary course of business.

The following table summarizes the activity in these loans for the periods indicated:


(in thousands)
Balance January 1, 2019	$	10,121
Advances/new loans	665
Removed/payments	(3,953)
Balance December 31, 2020	6,833
Advances/new loans	2,000
Removed/payments	(2,517)
Balance December 31, 2021	$	6,316

Deposits of directors, officers and other related parties to the Bank totaled $35,310,000 and $40,843,000 at December 31, 2021 and 2020, respectively.