Transactions with Related Parties |
6 Months Ended |
|---|---|
Jun. 30, 2025 | |
| Related Party Transactions [Abstract] | |
| Transactions with Related Parties | (12) Transactions with Related Parties:
Certain directors, executive officers, and principal shareholders of the Company, and their related interests, had loans outstanding in the aggregate amounts of approximately $3,516 and $7,494 at June 30, 2025 and December 31, 2024, respectively. During the six months ended June 30, 2025, total principal additions were $5,271 and total principal payments were $9,249. Changes in related party composition during the quarter totaled an increase of $0.
Deposit accounts with related parties totaled approximately $3,904 and $6,272 at June 30, 2025 and December 31, 2024, respectively.
In management’s opinion, such loans and deposits were made in the ordinary course of business and were made on substantially the same terms (including interest rates and collateral) as those prevailing at the time for comparable transactions with other persons. Further, in management’s opinion, these loans did not involve more than normal risk of collectability or present other unfavorable features. |