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Related Party Transactions

12 Months Ended

Dec. 31, 2018

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)		2018				2017
Balance, beginning of year		$	6,477			$	12,906
New loans			3,029				2,909
Repayments			(3,835	)			(3,043	)
Effect of changes in related parties			(328	)			(6,295	)
Balance, end of year		$	5,343			$	6,477

Deposits from executive officers, directors and their affiliates were $6.3 million and $8.1 million at December 31, 2018 and 2017, 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

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 850
-URI http://asc.fasb.org/topic&trid=2122745

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