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Note 3: Loans and Allowance For Loan Losses: Related Party Transactions Disclosure (Policies) | 12 Months Ended
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Dec. 31, 2017
Policies |
Related Party Transactions Disclosure | Certain directors and executive officers of the Company and the Bank are customers of and had transactions with the Bank in the ordinary course of business. Except for the interest rates on loans secured by personal residences, in the opinion of management, all loans included in such transactions were made on substantially the same terms as those prevailing at the time for comparable transactions with unrelated parties. Generally, residential first mortgage loans and home equity lines of credit to all employees and directors have been granted at interest rates equal to the Bank’s cost of funds, subject to annual adjustments in the case of residential first mortgage loans and monthly adjustments in the case of home equity lines of credit. At December 31, 2017 and 2016, loans outstanding to these directors and executive officers are summarized as follows:
| 2017 |  | 2016
| (In Thousands) |
Balance, beginning of year | $ 24,793 |  | $ 14,287
New loans | 19,734 |  | 14,299
Payments | (4,486) |  | (3,793)
Balance, end of year | $ 40,041 |  | $ 24,793

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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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