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CONCENTRATION OF CREDIT
12 Months Ended
Dec. 31, 2022
CONCENTRATION OF CREDIT  
CONCENTRATION OF CREDIT

NOTE 15. CONCENTRATION OF CREDIT

The Company’s lending activity is concentrated primarily in St. Landry Parish, Evangeline Parish, Acadia Parish, and Lafayette Parish, Louisiana, which are largely rural areas that rely heavily on the agricultural and oil and gas industries. Also, the majority of the Company’s loan portfolio is comprised of permanent single-family dwelling loans.

The Company maintains deposit accounts at other financial institutions which periodically exceed the federally insured limits. Management believes that the risk is limited because of the nature and financial strength of the institutions involved.