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RELATED PARTY TRANSACTIONS
 12 Months Ended
Dec. 31, 2025
Related Party Transactions [Abstract]  
RELATED PARTY TRANSACTIONS RELATED PARTY TRANSACTIONS
Members of the Board of Directors, certain Corporation officers, and their immediate families directly, or through entities in which they are principal owners (more than 10% interest), were customers of, and had loans and other transactions with the Corporation. These loans are summarized as follows for the years ended December 31, 2025 and 2024 (in thousands):
 20252024
Balance at beginning of year$25,413 $26,058 
New loans or additional advances726 175 
Effect of changes in composition of related parties(31)— 
Repayments(604)(820)
Effect of change in participation3,114 — 
Balance at end of year$28,618 $25,413 


Deposits from principal officers, directors, and their affiliates as of December 31, 2025 and 2024 were $37.9 million and $43.1 million, respectively.

The Corporation issued $3.5 million of its subordinated notes to principal officers, directors, and their affiliates during the year ended December 31, 2025. Interest paid on those notes totaled $139 thousand for the year ended December 31, 2025 and the interest expense on the notes totaled $151 thousand for the year ended December 31, 2025.

The Bank leases its branch located at 2 Rush Street, Schenectady, New York, under a lease agreement through February, 2033 from a member of the Corporation's Board of Directors with monthly rent and CAM expense totaling $9 thousand per month for each of the years ended December 31, 2025 and 2024. Rent and CAM paid to this Board member totaled $110 thousand for each of the years ended December 2025 and 2024.
WMG provided trust services to members of the Board of Directors, certain Corporation officers, and their immediate families directly, or through entities in which they are principal owners. WMG fee income for the trust services provided totaled $0.3 million for the years ended December 31, 2025 and 2024.