v3.26.1
Related-Party Transactions
 3 Months Ended
Mar. 31, 2026
Related-Party Transactions [Abstract]  
Related-Party Transactions
Note 7: Related-Party Transactions

At March 31, 2026 and December 31, 2025, the Company had loans outstanding to executive officers, directors, significant shareholders and their affiliates (related parties) in the amount of $10.3 million and $10.5 million, respectively. A summary of these loans is as follows (dollars in thousands):

   
Balance
                
Balance
  
   
Beginning of
          
Collections/
    
End of
  
   
the Period
    
Additions
    
Terminations
    
the Period
  
                         
For the three months ended March 31, 2026
  
$
10,451
    
$
-
    
$
(134
)
  
$
10,317
  
Year ended December 31, 2025
  
$
10,846
    
$
544
    
$
(939
)
  
$
10,451
  

The Company holds deposits from related parties, including directors, executive officers, and their related interests. Related party deposits totaled $69.4 million and $66.6 million as of March 31, 2026, and December 31, 2025, respectively. These deposit balances represented 26.72% and 26.55% of total stockholders’ equity at March 31, 2026 and December 31, 2025, respectively. All such deposits were made in the ordinary course of business on substantially the same terms, including interest rates, as those prevailing at the time for comparable transactions with other persons.

The Bank leases office and retail banking space in Oklahoma City and Woodward, Oklahoma from Central Park on Lincoln, LLC and Haines Realty Investments Company, LLC, respectively, both related parties of the Company.  Lease payments totaled $82,000 and $81,000 for the three months ended March 31, 2026 and 2025, respectively. In addition, payroll and office sharing arrangements were in place between the Company and certain of its affiliates.