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Related Party Transactions

12 Months Ended

Dec. 31, 2014

Note 12 – Related Party Transactions

Loans to executive officers, directors and their affiliates were as follows at December 31:

(Dollars in thousands)		2014			2013

Balance, beginning of year	$	5,162		$	5,836
New loans and renewals		5,883			612
Repayments and renewals		(3,022	)		(1,286	)
Effect of changes in related parties		2,316			—
Balance, end of year	$	10,339		$	5,162

Deposits from executive officers, directors and their affiliates were $14.1 million and $11.4 million at December 31, 2014 and 2013, respectively.

- 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.

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