Related Party Transactions

9 Months Ended

Sep. 30, 2015

NOTE 13 — RELATED PARTY TRANSACTIONS

The Bank grants loans to its directors, executive officers and to certain related individuals or organizations in the ordinary course of business. These loans are offered at the same terms as loans to unrelated third parties. The activity and balance of these loans for the quarters and the nine-month periods ended September 30, 2015 and 2014 was as follows:

	Quarter Ended September 30,				Nine-Month Period Ended September 30,
	2015		2014		2015		2014
	(In thousands)				(In thousands)
Balance at the beginning of period	$	33,318	$	24,151	$	27,011	$	18,963
New loans and disbursements		5,866		319		13,489		14,166
Repayments		(7,450)		1,174		(8,766)		(7,485)
Balance at the end of period	$	31,734	$	25,644	$	31,734	$	25,644

- 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.

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