Related Party Transactions

12 Months Ended

Dec. 31, 2022

NOTE 20 – RELATED PARTY TRANSACTIONS

Loans to principal officers, directors, and their affiliates during 2022 and 2021 were as follows:


		2022			2021
Beginning balance	$	11,074		$	12,003
New loans		983			950
Effect of changes in composition of related parties		0			3,713
Repayments		(1,566	)		(5,592	)
Ending balance	$	10,491		$	11,074

Deposits from principal officers, directors, and their affiliates at year-end 2022 and 2021 were $18.3 million and $32.2 million.