Related Party Transactions

12 Months Ended

Dec. 31, 2020

Related Party Transactions [Abstract]

Related Party Transactions Disclosure [Text Block]

NOTE 16: RELATED PARTY TRANSACTIONS

The Bank has made, and expects in the future to continue to make in the ordinary course of business, loans to directors and

executive officers of the Company, the Bank, and their affiliates. In management’s opinion, these loans were made in the

ordinary course of business at normal credit terms, including interest rate and collateral requirements, and do not represent

more than normal credit risk. An analysis of such outstanding loans is presented below.

(Dollars in thousands)

Amount

Loans outstanding at December 31, 2019

$

3,149

New loans/advances

871

Repayments

(2,433)

Changes in directors and executive officers

(351)

Loans outstanding at December 31, 2020

$

1,236

During 2020 and 2019, certain executive officers and directors of the Company and the Bank, including companies with

which they are affiliated, were deposit customers of the bank. Total deposits for these persons at December 31, 2020 and

2019 amounted to $

18.7

 million and $

19.1

 million, respectively.