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Related Parties
12 Months Ended
Dec. 31, 2021
Related Party Transactions [Abstract]  
Related Parties Related Parties
The Company has, and expects to have in the future, related party transactions in the ordinary course of business. The transactions include, but are not limited to, lending activities and deposits services with directors and executive officers of the Company and their affiliates. Based on the Company’s assessment, such transactions are consistent with prudent banking practices and are within applicable banking regulations. Further details relating to certain party transactions are outlined below:
At December 31, 2021 and 2020, the amount of deposits from related parties held by the Company totaled $25.9 million and $10.4 million, respectively.
The amount of loans with related parties at December 31, 2021 and 2020 were $51.5 million and $21.0 million, respectively. The increase in related party loans is primarily attributable to loans acquired from Century for which related party relationships exist. In addition, the Company had commitments to lend to related parties of $35.0 million and $17.3 million at December 31, 2021 and 2020, respectively.