Transactions with Related Parties

6 Months Ended

Jun. 30, 2024

Receivables [Abstract]

Transactions with Related Parties

Note 15. Transactions with Related Parties

Directors, executive officers and non-executive officers of the Company have been customers of and have had transactions with the Bank, and it is expected that such persons will continue to have such transactions in the future. Aggregate loan transactions with related parties for the three and six months ended June 30, 2024 and 2023 were as follows:

	For the Three Months Ended June 30,						For the Six Months Ended June 30,
	2024			2023			2024			2023
	(in thousand)
Beginning balance	$	9,942		$	8,829		$	8,810		$	8,318
Originations		410			50			1,592			627
Payments		(1,049	)		(265	)		(1,099	)		(331	)
Ending balance	$	9,303		$	8,614		$	9,303		$	8,614

The Company held deposits in the amount of $8.9 million and $8.4 million from directors, executive officers and non-executive officers at June 30, 2024 and December 31, 2023, respectively.