Related Party Transactions

9 Months Ended

Sep. 30, 2024

Related Party Transactions [Abstract]

Related Party Transactions

Note 15: Related Party Transactions

In the ordinary course of business, the Company has granted loans to certain directors, executive officers and their affiliates (collectively referred to as “related parties”). None of the related party loans were classified as nonaccrual, past due, restructured, or potential problem loans at September 30, 2024 or December 31, 2023.

The following represents the activity associated with loans to related parties during the nine months ended September 30, 2024 and the year ended December 31, 2023:

	September 30,			December 31,
(In thousands)		2024			2023
Balance at the beginning of the year	$	32,742		$	32,531
Originations and related party additions		999			4,360
Principal payments and related party removals		(6,547	)		(4,149	)
Balance at the end of the period	$	27,194		$	32,742