v3.26.1
Related Party Transactions
3 Months Ended
Mar. 31, 2026
Related Party Transactions [Abstract]  
Related Party Transactions
14.
Related Party Transactions

During the normal course of business, the Company may enter into transactions with significant shareholders, directors and principal officers and their affiliates (collectively referred to herein as “related parties”). It is the Company’s policy that all such transactions are on substantially the same terms as those prevailing at the time for comparable transactions with third parties. At March 31, 2026 and December 31, 2025, the aggregate amounts of loans to related parties were approximately $13.6 million and $9.3 million, respectively. During the three months ended March 31, 2026, loan originations and advances to related parties totaled $3.3 million, repayments from related parties totaled $356,000, and purchased loans to related parties totaled $1.4 million. Related party unfunded commitments at March 31, 2026 and December 31, 2025 were approximately $2.2 million and $2.2 million, respectively.

Deposit account balances for related parties at March 31, 2026 and December 31, 2025, totaled approximately $26.1 million and $21.5 million, respectively.