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Related Party Transactions
12 Months Ended
Dec. 31, 2023
Related Party Transactions [Abstract]  
Related Party Transactions

16.RELATED PARTY TRANSACTIONS

The Bank has entered into loan transactions with certain directors, executive officers, significant shareholders and their affiliates (related parties) in the ordinary course of its business. The aggregate outstanding principal balance of loans to such related parties on December 31, 2023 and 2022 was $0.3 million and $0.9 million, respectively. During 2023, there were $0.2 million of advances and new loans to such related parties, and repayments amounted to $0.2 million. Deposits from related parties were $1.3 million and $4.3 million as of December 31, 2023 and 2022, respectively.