RELATED PARTY TRANSACTIONS

12 Months Ended

Dec. 31, 2020

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS

NOTE 14 – RELATED PARTY TRANSACTIONS

Loans to principal officers, directors, and their affiliates as of December 31, 2020 and 2019 were as follows:

(dollars in thousands)	2020		2019
Beginning balance	$	83,980	$	83,546
New loans and advances		120,049		55,465
Effect of changes in related parties		1,650		(5,967)
Repayments and renewals		(100,985)		(49,064)
Ending balance	$	104,694	$	83,980

Deposits from principal officers, directors, and their affiliates at year-end 2020 and 2019 were $36.8 million and $33.3 million, respectively.