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RELATED PARTY TRANSACTIONS
 12 Months Ended
Dec. 31, 2020
RELATED PARTY TRANSACTIONS [Abstract]  
RELATED PARTY TRANSACTIONS
14. RELATED PARTY TRANSACTIONS


Certain executive officers and directors of the Company, or companies in which they have 10 percent or more beneficial ownership, were indebted to the Bank. A summary of loan activity for the years ended December 31, 2020 and 2019 with officers, directors, stockholders and associates of such persons is listed below (in thousands):

  
Year Ended December 31,
  
   
2020
    
2019
  
Balance, beginning of year
  
$
13,457
    
$
14,094
  
New loans
    
5,098
      
4,681
  
Repayments
    
(5,585
)
    
(5,318
)
Balance, end of year
  
$
12,970
    
$
13,457