Note 17 - Related Party Transactions

12 Months Ended

Dec. 31, 2021

Notes to Financial Statements

Related Party Transactions Disclosure [Text Block]

Note 17 – Related Party Transactions

In the ordinary course of business, loans are granted to executive officers, directors, and their related entities. Management believes that all such loans are made on substantially the same terms, including interest rates and collateral, as those prevailing at the time for comparable loans to similar, unrelated borrowers, and do not involve more than a normal risk of collectability or present other unfavorable features. As of December 31, 2021 and 2020, none of these loans was restructured, past due, or on nonaccrual status.

An analysis of these loans for 2021 is as follows (dollars in thousands):

Balance at December 31, 2020	$	8,522
Additions		7,935
Repayments		(601	)
Reclassifications(1)		(3	)
Balance at December 31, 2021	$	15,853

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(1) Includes loans to persons no longer affiliated with the Company and therefore not considered related party loans as of period end.

Related party deposits totaled $10,920,000 at December 31, 2021 and $16,436,000 at December 31, 2020.