XML 39 R23.htm IDEA: XBRL DOCUMENT v3.3.1.900
Transactions with Executive Officers, Directors and Principal Stockholders
 12 Months Ended
Dec. 31, 2015
Leases [Abstract]  
Sale Leaseback Transaction Disclosure [Text Block]

Note 15 – Transactions with Executive Officers, Directors and Principal Stockholders

Loans to principal officers, directors, and their affiliates during the years ended December 31, 2015 and 2014, were as follows (dollars in thousands):

    2015   2014
Beginning balance   $      44,353   $      20,365
New loans     -     150
Loans assumed in Merger     -     31,325
Repayments     (5,121)     (7,487)
 
Ending balance   $ 39,232   $ 44,353

 

Deposits from principal officers, directors, and their affiliates at December 31, 2015 and 2014 were $29,586,000and $19,400,000, respectively.

The Company has had, and may be expected to have in the future, banking transactions in the ordinary course of business with its executive officers, directors, principal stockholders, their immediate families and affiliated companies (commonly referred to as related parties). The Company leases branch facilities from related party entities. In addition, the Company also utilizes an advertising and public relations agency at which one of the Company’s directors is President and CEO and a principal owner. For these transactions, the expenses are not significant to the operations of the Company.