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Related Party Transactions | 12 Months Ended
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Dec. 31, 2017
Related Party Transactions [Abstract] |
Related Party Transactions | RELATED PARTY TRANSACTIONS Certain executive officers, directors and greater than 5% shareholders of the Company and certain entities and individuals related to such persons, incurred indebtedness in the form of loans, as customers, of $54.6 million and $53.3 million at December 31, 2017 and 2016, respectively. During 2017, new loans and advances on existing loans of $15.0 million were funded and loan repayments totaled $15.7 million. In addition, $2.0 million of loans were added due to changes in related parties during the year. These loans were made on substantially the same terms, including interest rates and collateral, as those prevailing at the time for comparable loans with persons not related to the Company and do not involve more than a normal risk of collectability or present other unfavorable features. The Company previously leased an aircraft from an entity wholly-owned by a greater than 10% shareholder, who retired as chairman of the Company's Board of Directors in January 2016. Under the terms of the lease, the Company paid a fee for each flight hour plus certain third party operating expenses related to the aircraft. There were no fees or expenses incurred during 2017. The Company paid total fees and operating expenses of $108 thousand and $332 thousand, during 2016 and 2015, respectively, for its use of the aircraft. In addition, the Company previously leased a portion of its hanger and provided pilot services to the related entity. There were no payments received from the related entity during 2017. The Company received payments from the related entity of $53 thousand and $64 thousand, in 2016 and 2015, respectively, for hangar use, pilot fees and reimbursement of certain third party operating expenses related to the chairman’s personal use of the aircraft. The Company leases an aircraft from an entity that is wholly-owned by the chairman of the Board of Directors of the Company, who was formerly the executive vice chairman of the Company's Board of Directors. This related entity and a director of the Company own a combined 66% of the aircraft leased. During 2017, 2016 and 2015, the Company paid total fees and operating expenses of $45 thousand, $121 thousand and $28 thousand respectively, for its use of the aircraft. In addition, during 2017, 2016 and 2015, the Company received payments from the related entity of $17 thousand, $19 thousand and $23 thousand, respectively, for reimbursement of certain third party operating expenses related to the chairman’s personal use of the aircraft. The Company leases an aircraft from an entity in which one director and one greater than 10% shareholder, who retired as chairman of the Company's Board of Directors in January 2016, have a combined 66% ownership interest. Under the terms of the lease, the Company pays a fee for each flight hour plus certain third party operating expenses related to the aircraft. During 2017 and 2016, the Company paid total fees and operating expenses of $17 thousand and $175 thousand, respectively, for its use of the aircraft. As of December 31, 2017 and 2016, the entity had received loans from FIB with an aggregate outstanding principal balances of $1.9 million and $2.0 million, respectively, which are 100% guaranteed by the greater than 10% shareholder and former chairman. These loans were made on substantially the same terms, including interest rates and collateral, as those prevailing at the time for comparable loans with persons not related to the Company. The Company purchases services from an entity in which one control group member not included as a director or greater than 5% shareholder of the Company, two greater than 5% shareholders and five directors, including the chairman of the Board of Directors, have an aggregate ownership interest of 15%, and in which one director is the chairman and three directors are members of the board of such entity. Services provided for the Company’s benefit include shareholder education and communication, strategic enterprise planning and corporate governance consultation. During 2017, 2016 and 2015, the Company paid $73 thousand, $100 thousand and $210 thousand, respectively, for these services.

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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://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -URI http://asc.fasb.org/topic&trid=2122745 + Details
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