Related Party Transactions

9 Months Ended

Sep. 30, 2025

Related Party Transactions [Abstract]

Related Party Transactions

14.Related Party Transactions

During the normal course of business, the Company may enter into transactions with significant shareholders, directors and principal officers and their affiliates (collectively referred to herein as “related parties”). It is the Company’s policy that all such transactions are on substantially the same terms as those prevailing at the time for comparable transactions with third parties. At September 30, 2025 and December 31, 2024, the aggregate amounts of loans to related parties were approximately $6.0 million and $1.5 million, respectively. During the nine months ended September 30, 2025, loan originations to related parties totaled $6.0 million and repayments from related parties totaled $1.5 million. Related party unfunded commitments at September 30, 2025 and December 31, 2024 were approximately $515,000 and $430,000, respectively.

Deposit account balances for related parties at September 30, 2025 and December 31, 2024, totaled approximately $20.8 million and $18.9 million, respectively.