v3.26.1
Related Parties
12 Months Ended
Dec. 31, 2025
Related Party Transactions [Abstract]  
Related Parties

NOTE 11. RELATED PARTIES

 

In the ordinary course of business, the Company has granted loans to principal officers and directors and their affiliates (commonly referred to as related parties). Such loans were made on substantially the same terms, including interest rates and collateral, as those prevailing at the time for comparable transactions with unrelated customers, and did not involve more than normal risk of collectability. Aggregate loan transactions of the Company with related parties were as follows:

 

 

December 31,

 

(In thousands)

2025

 

2024

 

Balance, beginning of year

$

3,266

 

$

4,270

 

New loans

 

151

 

 

223

 

Repayments

 

(1,158

)

 

(1,227

)

Balance, end of year

$

2,259

 

$

3,266

 

 

Deposits from related parties held by the Company at December 31, 2025 and December 31, 2024 amounted to $16.7 million and $16.1 million, respectively.