Related-Party Transactions

12 Months Ended

Dec. 31, 2014

NOTE 15 – RELATED-PARTY TRANSACTIONS

Loans to principal officers, directors and their affiliates during 2014 were as follows:



Beginning balance	$	712
New loans		-
Effect of changes in composition of related parties		-
Repayments		(30)
Ending balance	$	682

Deposits from principal officers, directors, and their affiliates at year-end 2014 and 2013 were $550 and $256, respectively.

- 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.

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