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Related-Party Transactions
 12 Months Ended
Dec. 31, 2015
Related-Party Transactions [Abstract]  
Related-Party Transactions

NOTE 15 – RELATED-PARTY TRANSACTIONS 

Loans to principal officers, directors and their affiliates during 2015 were as follows:

 

 

 

 

 

 

Beginning balance

$

 682 

New loans

 

 1 

Effect of changes in composition of related parties

 

 -

Repayments

 

 (48)

Ending balance

$

 635 

 

All loans to related parties were made in the ordinary course of business under terms equivalent to those prevailing in the market for arm’s length transactions at the time of origination. 

Deposits from principal officers, directors, and their affiliates at year-end 2015 and 2014 were $262 and $550, respectively.