Related Party Transactions

12 Months Ended

Dec. 31, 2023

Related Party Transactions [Abstract]

Related Party Transactions

20.     RELATED PARTY TRANSACTIONS

During the normal course of business, the Bank may enter into loans with related parties, including executive officers and directors. These loans are made with substantially the same terms, including rates and collateral, as loans to unrelated parties. The following is a summary of the aggregate activity involving related party borrowers (dollars in thousands):

	Year Ended December 31,
	2023		2022		2021
Balance, beginning of year	$	—	$	1,067	$	1,794
Disbursements		—		4,059		1,983
Amounts repaid		—		(5,150)		(2,548)
Effect of changes in composition of related parties		—		24		(162)
Balance, end of year	$	—	$	—	$	1,067
Undisbursed commitments to related parties	$	6	$	6	$	2,156

Deposits from related parties held by the Bank at December 31, 2023 and 2022 amounted to $4.2 million and $8.1 million, respectively.