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Related Party Transactions (Tables)
 12 Months Ended
Dec. 31, 2019
Related Party Transactions  
Schedule of Related Party Transactions

 

At December 31, 2019 and 2018, the Company had loans outstanding to executive officers, directors and their affiliates (related parties). Annual activity consisted of the following:

 

 

 

 

 

 

 

 

 

    

2019

    

2018

 

 

 

 

 

 

 

Beginning balance

 

$

879,142

 

$

930,096

New loans

 

 

 —

 

 

 —

Repayments

 

 

57,754

 

 

50,954

Ending balance

 

$

821,388

 

$

879,142