Related-Party Transactions

6 Months Ended

Jun. 30, 2024

Related-Party Transactions [Abstract]

Related-Party Transactions

Note 8: Related-Party Transactions

At June 30, 2024 and December 31, 2023, the Company had loans outstanding to executive officers, directors, significant shareholders and their affiliates (related parties) approximating $190,000 and $203,000, respectively.

The Bank leases office and retail banking space in Oklahoma City and Woodward, Oklahoma from Central Park on Lincoln, LLC and Haines Realty Investments Company, LLC, respectively, both related parties of the Company.  Lease payments totaled $65,000 and $65,000 for the three months ended June 30, 2024 and 2023, respectively and $130,000 and $121,000 for the six months ended June 30, 2024 and 2023, respectively.  In addition, payroll and office sharing arrangements were in place between the Company and certain of its affiliates.