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Transactions with Related Persons | 12 Months Ended
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Dec. 31, 2018
Related Party Transactions [Abstract] |
Transactions with related persons | TRANSACTIONS WITH RELATED PERSONS BancShares has, and expects to have in the future, banking transactions in the ordinary course of business with directors, officers and their associates (Related Persons) and entities that are controlled by Related Persons. For those identified as Related Persons as of December 31, 2018, the following table provides an analysis of changes in the loans outstanding during 2018 and 2017:
| Year ended December 31
(dollars in thousands) | 2018 |  | 2017
Balance at January 1 | $ | 74 |  |  | $ | 353 |
New loans | 134 |  |  | 11 |
Repayments | (9 | ) |  | (290 | )
Balance at December 31 | $ | 199 |  |  | $ | 74 |
Unfunded loan commitments available to Related Persons were $4.3 million and $2.1 million as of December 31, 2018 and 2017, respectively. During the third quarter of 2018, BancShares purchased 100,000 shares of its outstanding Class A common stock at a price of $465 per share from a related party.

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- Definition The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -URI http://asc.fasb.org/topic&trid=2122745 + Details
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