Transactions with Related Parties |
3 Months Ended | ||
|---|---|---|---|
Mar. 31, 2026 | |||
| Related Party Transactions [Abstract] | |||
| 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 $6,600 and $6,426 at March 31, 2026 and December 31, 2025, respectively. During the three months ended March 31, 2026, total principal additions were $3,813 and total principal payments were $3,639. Changes in related party composition during the quarter totaled an increase of $0.
Deposit accounts with related parties totaled approximately $2,961 and $4,659 at March 31, 2026 and December 31, 2025, 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. |