NOTE 18 - RELATED PARTY TRANSACTIONS

12 Months Ended

Dec. 31, 2020

Related Party Transactions [Abstract]

NOTE 18 - RELATED PARTY TRANSACTIONS

NOTE 18 - RELATED PARTY TRANSACTIONS

In the normal course of business, the Bank has granted loans to executive officers, directors, principal shareholders and associates of the foregoing persons considered to be related parties. Changes in loans to executive officers, directors and their related associates are as follows (there are no loans to principal shareholders):

Years ended December 31, (in thousands)		2020			2019
Balance, beginning of period	$	10,655		$	9,432
Advances		2,407			8,010
Repayments		(3,645	)		(6,787	)
Balance, end of period	$	9,417		$	10,655