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Transactions with Related Parties
12 Months Ended
Dec. 31, 2018
Related Party Transactions [Abstract]  
Transactions with Related Parties
Transactions with Related Parties
During the year, executive officers and directors (and companies controlled by them) were customers of and had transactions with the Company in the normal course of business. In management’s opinion, these transactions were made on substantially the same terms as those prevailing for other customers.
At December 31, 2018 and 2017, these loans totaled $2.5 million and $225 thousand, respectively. During 2018, total principal additions were $16 thousand and total principal payments were $163 thousand. Adjustments to related party loan balances during 2018 due to transition of related parties totaled approximately $2.4 million.
Deposits from related parties held by the Bank at December 31, 2018 and 2017 amounted to $2.6 million and $4.5 million, respectively.