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RELATED-PARTY TRANSACTIONS
 6 Months Ended
Jun. 30, 2023
Related Party Transactions [Abstract]  
RELATED-PARTY TRANSACTIONS RELATED-PARTY TRANSACTIONS
The Bank extends credit to certain covered parties including Company directors, executive officers, and their affiliates. As of June 30, 2023 and December 31, 2022, there were no delinquent or non-performing loans to any executive officer or director of the Company. These covered parties, along with principal owners, management, immediate family of management or principal owners, a parent company and its subsidiaries, trusts for the benefit of employees, and other parties, may be considered related parties. The following presents a summary of related-party loan activity as of the dates noted (dollars in thousands):
June 30, 2023December 31, 2022
Balance, beginning of year$16,859 $12,833 
Funded loans5,690 15,079 
Payments collected(3,513)(11,053)
Balance, end of period$19,036 $16,859 
Deposits from related parties held by the Bank as of June 30, 2023 and December 31, 2022 totaled $17.3 million and $36.9 million, respectively.
The Company leases office space from an entity controlled by one of the Company’s board members. During each of the six months ended June 30, 2023 and 2022, the Company incurred $0.1 million of expenses related to these leases.