XML 36 R23.htm IDEA: XBRL DOCUMENT v3.3.1.900
Note 16 - Related Party Transactions
12 Months Ended
Dec. 31, 2015
Related Party Transactions [Abstract]  
Related Party Transactions Disclosure [Text Block]

Note 16.

Related Party Transactions


In the normal course of business, the Company grants loans to executive officers, directors and members of their immediate families, as defined, and to entities in which these individuals have more than a 10% equity ownership. There were no loans outstanding to such related parties during 2015 and 2014.


Related party deposits aggregated approximately $3.3 million and $2.8 million as of December 31, 2015 and 2014, respectively.


Payments made to affiliates aggregated approx $15,000 and $34,000 for referral fee services and commission paid as per the contract for the year ended 2015 and 2014, respectively. Additionally we accrued $25,000 for the payments to related party and subsequently paid in January 2016.