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 3Loans”, 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.