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Related Party Transactions

12 Months Ended

Dec. 31, 2019

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)		2019				2018
Balance, beginning of year		$	5,343			$	6,477
New loans			2,988				3,029
Repayments			(3,372	)			(3,835	)
Effect of changes in related parties			(4,664	)			(328	)
Loans acquired from merger with County Bank Corp			10,268				—
Balance, end of year		$	10,563			$	5,343

Deposits from executive officers, directors and their affiliates were $9.0 million and $6.3 million at December 31, 2019 and 2018, 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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