Transactions with Related Parties

12 Months Ended

Dec. 31, 2021

Related Party Transactions [Abstract]

Transactions with Related Parties

Transactions with Related Parties

We have and may be expected to have in the future, banking transactions in the ordinary course of business with directors, significant stockholders, principal officers and their immediate families and affiliated companies in which they are principal stockholders (commonly referred to as related parties).

Loans:

As of December 31, 2021 and 2020, outstanding loans with related parties totaled $2,642 and $2,373, respectively. As of December 31, 2021, there were unused lines of credit with directors or officers totaling $2,569.

Deposits:

As of December 31, 2021 and 2020, deposits with related parties totaled $7,442 and $7,504, respectively.

Director Fees:

Fees paid to directors of the Company and the Bank for the years ended December 31, 2021, 2020 and 2019 totaled $310, $316 and $310, respectively.