In the normal course of business, officers and directors of the Company and the Bank, and certain business organizations and individuals associated with them, maintain a variety of relationships with the Bank. Transactions with officers and directors are made on terms comparable to those available to other Bank customers. At December 31, 2021 and 2020, deposits from directors, executive officers, and their related interests aggregated approximately $771,000 and $3,895,000, respectively. The following summary reflects related party loan activity during 2021 and 2020.


	2021			2020
Beginning balance	$	571,210		$	644,441
New loans and advancements		40,000			36,050
Change in executive officers and directors		(131,838	)		—
Repayments		(114,562	)		(109,281	)
Ending Balance	$	364,810		$	571,210