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Note 9 - Related Party Transaction
9 Months Ended
Sep. 30, 2024
Notes to Financial Statements  
Related Party Transactions Disclosure [Text Block]

NOTE 9 - RELATED PARTY TRANSACTION

 

Loans to principal officers, directors, and their affiliates during September 30, 2024 and December 31, 2023 were as follows:

 

(Dollars in thousands)

 

September 30, 2024

  

December 31, 2023

 

Beginning balance

 $24,185  $2,057 

New loans

  2,965   23,922 

Repayments

  (1,063)  (1,794)

Ending balance

 $26,087  $24,185 

 

Deposits of related parties amount to $29.0 million and $33.1 million as of  September 30, 2024 and  December 31, 2023, respectively.