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RELATED PARTY TRANSACTIONS
 6 Months Ended
Jun. 30, 2023
Related Party Transactions [Abstract]  
RELATED PARTY TRANSACTIONS RELATED PARTY TRANSACTIONS
Some of the Corporation's directors, executive officers, and their related interests had transactions with the Bank in the ordinary course of business. All loan and deposit transactions were made on substantially the same terms, such as interest rates and collateral, as those prevailing at the time for comparable transactions. In the opinion of management, these transactions do not involve more than the normal risk of collectability nor do they present other unfavorable features. It is anticipated that similar transactions will be entered into in the future.

Loans to principal officers, directors, and their affiliates during the three months ended June 30, 2023 were as follows:

Beginning balance$40,638 
New loans and advances434 
Effect of changes in composition of related parties— 
Repayments(553)
Ending balance$40,519 

Loans to principal officers, directors, and their affiliates during the six months ended June 30, 2023 were as follows:

Beginning balance$44,998 
New loans and advances2,706 
Effect of changes in composition of related parties(491)
Repayments(6,694)
Ending balance$40,519 

Deposits from directors, executive officers, and their affiliates were $9.6 million and $13.7 million at June 30, 2023 and December 31, 2022, respectively.