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RELATED PARTY TRANSACTIONS
12 Months Ended
Dec. 31, 2022
Related Party Transactions [Abstract]  
RELATED PARTY TRANSACTIONS
21. RELATED PARTY TRANSACTIONS
In the ordinary course of business, from time to time the Company enters into transactions with related parties, including, but not limited to, its officers and directors. They do not, in the opinion of management, involve greater than normal credit risk or include other features unfavorable to the Company. Any related party loans exceeding $0.5 million require review and approval by the Board of Directors. There was no related party loan exceeding $0.5 million originated during the year ended December 31, 2022 as compared to one related party loans exceeding $0.5 million originated and sold during the year ended December 31, 2021.
During 2022, all new loans and credit line advances to related parties were $5.1 million and repayments were $1.7 million. The outstanding balances of loans to related parties at December 31, 2022 and 2021 were $3.9 million and $0.4 million, respectively. Total deposits from related parties at December 31, 2022 and 2021 were $5.8 million.