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RELATED PARTY TRANSACTIONS
 12 Months Ended
Dec. 31, 2015
RELATED PARTY TRANSACTIONS [Abstract]  
RELATED PARTY TRANSACTIONS
13. RELATED PARTY TRANSACTIONS
 
Certain executive officers and directors of the Company, or companies in which they have 10 percent or more beneficial ownership, were indebted to the Bank.  Such loans were made in the ordinary course of business at the Bank’s normal credit terms and do not present more than a normal risk of collection.  A summary of loan activity for the years ended December 31, 2015 and 2014 with officers, directors, stockholders and associates of such persons is listed below (in thousands):
 
 
Year Ended December 31,
 
2015
2014
Balance, beginning of year
 $                    4,314
 $            4,263
  New loans
                       5,828
               2,212
  Repayments
                     (4,799)
              (2,161)
Balance, end of year
 $                    5,343
 $            4,314