Note 18 - Related Party Transactions

12 Months Ended

Dec. 31, 2023

Notes to Financial Statements

Related Party Transactions Disclosure [Text Block]

Note 18. Related Party Transactions

Loans to principal officers, directors, and their affiliates were as follows:

	Year Ended December 31,
	2023			2022
(Amounts in thousands)
Beginning balance	$	30,981		$	33,740
New loans and advances		5,215			7,768
Loan repayments		(6,217	)		(15,979	)
Reclassifications(1)		(15	)		5,452
Ending balance	$	29,964		$	30,981

(1) Changes related to the composition of the Company's directors, executive officers, and related insiders

Deposits from related parties totaled $15.19 million as of December 31, 2023, and $14.59 million as of December 31, 2022. Legal fees paid to related parties totaled $47 thousand in 2023, $41 thousand in 2022, and $80 thousand in 2021. There were no lease payments paid to related parties in 2023, 2022, or 2021. Other expense paid to related parties totaled $23 thousand in 2023, $53 thousand in 2022, and $104 thousand in 2021.