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Transactions with Related Parties (Table)
12 Months Ended
Dec. 31, 2022
Transactions with Related Parties  
Schedule of Aggregate loan transactions

 

 

2022

 

 

2021

 

 

 

 

 

 

 

 

Balance, beginning of year

 

$16,072,431

 

 

$16,774,535

 

Loans - new Directors

 

 

2,274,378

 

 

 

0

 

New loans to existing Principal Officers/Directors

 

 

5,091,531

 

 

 

1,902,000

 

Repayment*

 

 

(7,720,758)

 

 

(2,604,104)

Balance, end of year

 

$15,717,582

 

 

$16,072,431