Note 23 - Related Party Transactions -

12 Months Ended

Dec. 31, 2019

Notes to Financial Statements

Related Party Transactions Disclosure [Text Block]

Note

2

3

– Related Party Transactions –

In the ordinary course of business, the Bank has granted loans to directors, officers and their affiliates. Such loans were made on substantially the same terms as those prevailing at the time for comparable transactions with other customers. Such loans amounted to

$24.6

million and

$27.4

million at

December 31, 2019

and

2018,

respectively.

The activity in loans to directors, officers and their affiliates is as follows:

	2019			2018
	(Dollars in thousands)
Balance - Beginning of Year	$	27,359		$	24,047
New Loans		13,767			13,478
Repayments		(16,562	)		(10,166	)
Balance - End of Year	$	24,564		$	27,359

Related party deposits totaled

$34.4

million and

$35.5

million as of

December 31, 2019

and

2018,

respectively.