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Related Party Transactions
12 Months Ended
Dec. 31, 2017
Related Party Transactions [Abstract]  
Related Party Transactions

Note 13 - Related Party Transactions

In the ordinary course of business, the Bank has granted loans to senior officers and directors and their affiliated companies amounting to $1.5 million and $1.5 million at December 31, 2017 and 2016, respectively. No new loans were approved during 2017 of which no additional borrowings were utilized. During 2017, subsequent advances totaled $10.4 million and payments of $10.4 million were received. The difference in related borrowings amounted to $22 thousand, net increase. Deposits of directors, executive officers and companies in which they have a direct or indirect ownership as of December 31, 2017 and 2016, amounted to $23.4 million and $21.7 million, respectively.