Note M - Related Party Transactions

12 Months Ended

Dec. 31, 2018

Notes to Financial Statements

Related Party Transactions Disclosure [Text Block]

Note

M

- Related Party Transactions

Certain directors, executive officers and companies with which they are affiliated were loan customers during

2018.

A summary of activity on these borrower relationships with aggregate debt greater than

$120

is as follows:

Total loans at January 1, 2018	$	8,619
New loans		77
Repayments		(4,860	)
Other changes		(162	)
Total loans at December 31, 2018	$	3,674

Other changes include adjustments for loans applicable to

one

reporting period that are excludable from the other reporting period, such as changes in persons classified as directors, executive officers and companies’ affiliates.

Deposits from principal officers, directors, and their affiliates at year-end

2018

and

2017

were

$52,877

and

$44,877.

In addition, the Company had promissory notes outstanding with directors and their affiliates totaling

$3,558

at year-end

2018

and

$3,593

at year-end

2017.

The interest rates ranged from

1.25%

to

2.85%,

with terms ranging from

12

to

36

months.