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LOANS TO RELATED PARTIES
12 Months Ended
Dec. 31, 2016
Related Party Transactions [Abstract]  
LOANS TO RELATED PARTIES
LOANS TO RELATED PARTIES
Certain directors and executive officers of the Company, including their immediate families and companies in which they have a direct or indirect material interest, were indebted to the Bank. The Company considers these loans to be within the normal course of business. The Company relies on the directors and executive officers for the identification of their associates.
The aggregate amount of these loans was $677,000 at December 31, 2016, and $647,000 at December 31, 2015. During 2016, $522,000 of new loans were granted and repayments totaled $538,000. Other changes during 2016 totaled $46,000 and represented adjustments to the beginning balance because of director and executive officer relationship changes.