XML 61 R22.htm IDEA: XBRL DOCUMENT

BANK OWNED LIFE INSURANCE	12 Months Ended
Dec. 31, 2023
Bank Owned Life Insurance
BANK OWNED LIFE INSURANCE	NOTE 15 BANK OWNED LIFE INSURANCE As of December 31, 2023 and 2022, the Bank had an aggregate total cash surrender value of $4.6 million and $4.5 million, respectively, on life insurance policies covering former key officers. The Company recognized income of approximately $40,000 during the year ended December 31, 2023. The Company recorded a net write-down of approximately $136,000 during the year ended December 31, 2022.

BANK OWNED LIFE INSURANCE

12 Months Ended

Dec. 31, 2023

NOTE 15 BANK OWNED LIFE INSURANCE

As of December 31, 2023 and 2022, the Bank had an aggregate total cash surrender value of $4.6 million and $4.5 million, respectively, on life insurance policies covering former key officers.

The Company recognized income of approximately $40,000 during the year ended December 31, 2023. The Company recorded a net write-down of approximately $136,000 during the year ended December 31, 2022.