Related Party Transactions

12 Months Ended

Dec. 31, 2021

(22)	Related Party Transactions

The Bank, in the ordinary course of business, has loan and deposit transactions with directors and executive officers. In management’s opinion, these transactions were on substantially the same terms as comparable transactions with other customers of the Bank. The amount of such deposits totaled approximately $8,672 and $7,093 at December 31, 2021 and 2020, respectively.

The following is an analysis of the activity of loans to executive officers and directors for the years ended December 31:

	2021			2020
Outstanding balance, beginning of year	$	3,964		$	3,113
Credit granted		923			1,662
Repayments / Reductions		(1,535	)		(811	)

Outstanding balance, end of year	$	3,352		$	3,964