RELATED PARTY TRANSACTIONS

12 Months Ended

Dec. 31, 2020

Note 10 – Related Party Transactions

The Company has granted loans to officers and directors of the Company and to their immediate family members as well as loans to related companies. These related party loans are made on substantially the same terms, including interest rates and collateral, as those prevailing at the time for comparable transactions with unrelated parties and do not involve more than normal risk of collectability. Set forth below is a summary of the related loan activity.


(Dollars in thousands)	Balance at Beginning of Year		Borrowings		Executive Officer and Director Retirements		Repayments		Balance at End of Year
December 31, 2020	$	12,284	$	24,453	$	(8,187)	$	(1,127)	$	27,423

December 31, 2019	$	27,971	$	13,897	$	—	$	(29,584)	$	12,284

The Company held related party deposits of $73.8 million and $35.5 million at December 31, 2020 and December 31, 2019, respectively.

The Company held no related party repurchase agreements at December 31, 2020 and December 31, 2019.