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Related Party Transactions
 12 Months Ended
Dec. 31, 2020
Related Party Transactions [Abstract]  
Related Party Transactions

NOTE 20 – RELATED PARTY TRANSACTIONS

Loans to principal officers, directors, and their affiliates during 2020 and 2019 were as follows:

 

 

 

 

2020

 

 

 

2019

 

Beginning balance

 

$

13,147

 

 

$

16,308

 

New loans

 

 

1,917

 

 

 

2,447

 

Effect of changes in composition of related parties

 

 

0

 

 

 

0

 

Repayments

 

 

(3,061

)

 

 

(5,608

)

Ending balance

 

$

12,003

 

 

$

13,147

 

 

Deposits from principal officers, directors, and their affiliates at year-end 2020 and 2019 were $ 26.8 million and $11.6 million.