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Related Party Transactions | 12 Months Ended
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Dec. 31, 2019
Related Party Transactions [Abstract] |
Related Party Transactions | Related Party Transactions Certain directors and officers of the Company are customers of the Company. Loan transactions with directors, officers and employees are made on the same terms as those prevailing at the time for comparable loans to other persons. A summary of related party loan activity during 2019 follows.
(dollars in thousands) |  |
Balance, beginning of year |  | $ | 6,959 |
New loans |  | 654 |
Repayments, net |  | (1,398) |
Balance, end of year |  | $ | 6,215 |
None of the related party loans were identified as impaired or exceeded 5% of shareholders’ equity for the years ended 2019 or 2018. Related party deposits totaled $13,887,000 and $15,077,000 as of 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 + Details
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