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RELATED PARTY TRANSACTIONS
 12 Months Ended
Dec. 31, 2022
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, 2022 and 2021 with officers, directors, stockholders and associates of such persons is listed below (in thousands):

 
Year Ended December 31,
  
   
2022
    
2021
  
Balance, beginning of year
  
$
11,680
    
$
12,970
  
New loans
    
5,199
      
5,341
  
Repayments
    
(7,287
)
    
(6,631
)
Balance, end of year
  
$
9,592
    
$
11,680