TRANSACTIONS WITH RELATED PARTIES |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2022 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
TRANSACTIONS WITH RELATED PARTIES | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
TRANSACTIONS WITH RELATED PARTIES | NOTE 16 TRANSACTIONS WITH RELATED PARTIES
Executive officers, directors and their affiliates are customers of the Bank and had transactions with the Company in the normal course of business. Management believes these transactions were made on substantially the same terms as those prevailing for other customers and did not involve any abnormal risk. Loan transactions with related parties are shown in the following table (dollars in thousands):
Deposits of executive officers, directors and their affiliates were $9.2 million and $8.8 million on December 31, 2022 and 2021, respectively. Management believes these deposits were made under the same terms available to other customers of the bank. |