PEOPLES BANCORP OF NORTH CAROLINA INC
For the period ended Dec 31, 2025. Filed Mar 11, 2026.
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FY2025 · Filed Mar 11, 2026
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EX-13 · (10) Related Party Transactions
(10) Related Party Transactions
The Company conducts transactions with its directors and executive officers, including companies in which they have beneficial interests, in the normal course of business. In accordance with Regulation O of the Federal Reserve, it is the policy of the Bank that loan transactions with directors and officers are made on substantially the same terms as those prevailing at the time made for comparable loans to other persons. The following is a summary of activity for related party loans for 2025 and 2024:
| (Dollars in thousands) | ||
|---|---|---|
| 2025 | 2024 | |
| Beginning balance | $4,871 | 3,569 |
| Disbursements | 2,501 | 6,095 |
| Repayments | (4,137) | (4,793) |
| Ending balance | $3,235 | 4,871 |
At December 31, 2025 and 2024, the Company had deposit relationships with related parties of approximately $44.9 million and $65.5 million, respectively.
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