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LOANS TO RELATED PARTIES | 12 Months Ended
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Dec. 31, 2017
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 following table presents activity in loans to related parties during 2017.
(Dollars in thousands) |
Balance, beginning of year | $ | 677 |
New loans | 311 |
Repayments | (315 | )
Balance, end of year | $ | 673 |

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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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