Related Party Transactions

9 Months Ended

Sep. 30, 2016

NOTE 12 — RELATED PARTY TRANSACTIONS

The Bank grants loans to its directors, executive officers and 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 nine-month periods ended September 30, 2016 and 2015 was as follows:

	Quarter Ended September 30,				Nine-Month Period Ended September 30,
	2016		2015		2016		2015
	(In thousands)				(In thousands)
Balance at the beginning of year	$	30,696	$	33,318	$	31,475	$	27,011
New loans and disbursements		225		5,866		727		13,489
Repayments		(2,376)		(7,450)		(3,657)		(8,766)
Balance at the end of period	$	28,545	$	31,734	$	28,545	$	31,734

- 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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