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Related Party Transactions

12 Months Ended

Dec. 31, 2016

Related Party Transactions [Abstract]

Related Party Transactions

Note 12 – Related Party Transactions

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

(Dollars in thousands)		2016				2015
Balance, beginning of year		$	10,234			$	10,339
New loans			6,797				4,054
Repayments			(4,125	)			(4,159	)
Effect of changes in related parties			—				—
Balance, end of year		$	12,906			$	10,234

Deposits from executive officers, directors and their affiliates were $14.7 million and $16.1 million at December 31, 2016 and 2015, respectively.

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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

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-Publisher FASB
-Name Accounting Standards Codification
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-SubTopic 10
-Section S99
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