Annual report pursuant to Section 13 and 15(d)

Note 20 - Related Party Transactions

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Note 20 - Related Party Transactions
12 Months Ended
Dec. 31, 2021
Notes to Financial Statements  
Related Party Transactions Disclosure [Text Block]

NOTE 20.         RELATED PARTY TRANSACTIONS

 

As more fully described in Note 3 “Loans”, the Company had outstanding loan balances, as made in the ordinary course of business, to related parties as of December 31, 2021 and 2020 in the amount of $51.2 million and $37.0 million, respectively. Deposits of related parties are also accepted in the ordinary course of business. The aggregate balances of related party deposits are insignificant as of December 31, 2021 and 2020, respectively.