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Related Party Transactions
12 Months Ended
Dec. 31, 2022
Related Party Transactions [Abstract]  
Related Party Transactions

Note 18 -- Related Party Transactions

Certain officers, directors and principal stockholders of the Company and its subsidiaries, their immediate families or their affiliated companies (“related parties”) have loans with one or more of the subsidiaries. These loans are made in the ordinary course of business on substantially the same terms, including interest and collateral, as those prevailing for comparable transactions with others. Loans to related parties totaled approximately $169.7 million and $123.6 million at December 31, 2022 and 2021, respectively. Activity during 2022 and 2021 was as follows (in thousands):

 

 

 

2022

 

 

2021

 

Beginning balance

 

$

123,614

 

 

$

55,125

 

New loans

 

 

135,464

 

 

 

117,927

 

Loan repayments

 

 

(89,394

)

 

 

(49,438

)

Ending balance

 

$

169,684

 

 

$

123,614

 

 

Deposits from related parties held by First Mid Bank at December 31, 2022 and 2021 totaled $31.2 million and $33.0 million, respectively.