Related Party Transactions

12 Months Ended

Dec. 31, 2019

Note 14 - Related Party Transactions –

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

Activity in loans to directors, officers and employees is as follows:


(in thousands)	2019		2018
Balance at Beginning of Year	$	382	$	507
Add: New Loans or Advances		—		—
Less: Payments		(75)		(125)
Balance at End of Year	$	307	$	382

The Company also has accepted deposits from directors, officers and employees. Such deposits were accepted on substantially the same terms as those of other depositors and amounted to approximately $686,000 and $485,000 at December 31, 2019 and 2018, respectively.