XML 19 R26.htm IDEA: XBRL DOCUMENT

Related Party Transactions

12 Months Ended

Dec. 31, 2019

NOTE 19 — RELATED PARTY TRANSACTIONS

Oriental 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 years December 31, 2019, 2018, and 2017 was as follows:

	Year Ended December 31,
	2019		2018		2017
	(In thousands)
Balance at the beginning of year	$	28,520	$	28,138	$	29,020
New loans and disbursements		203		10,388		2,875
Repayments		(6,411)		(10,006)		(3,757)
Balance at the end of year	$	22,312	$	28,520	$	28,138

Oriental also hires professional services amounting to $3.7 million from a related party.