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LOANS TO OFFICERS AND DIRECTORS (Tables)
12 Months Ended
Dec. 31, 2020
Related Party Transactions [Abstract]  
Activity with Respect to Aggregate Loans to Related Parties

For the years 2020 and 2019, an analysis of activity with respect to such aggregate loans to related parties appears below (in thousands):

 

 

 

Year Ended December 31,

 

 

 

2020

 

 

2019

 

Balance – beginning of year

 

$

207,734

 

 

$

257,575

 

New loans

 

 

39,217

 

 

 

32,923

 

Repayments

 

 

(81,556

)

 

 

(77,692

)

Reduction due to change in reportable loans

 

 

 

 

 

(5,072

)

Balance – end of year

 

$

165,395

 

 

$

207,734