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Related Party Transactions
 12 Months Ended
Dec. 31, 2016
Related Party Transactions [Abstract]  
Related Party Transactions Disclosure [Text Block]

NOTE 18: RELATED PARTY TRANSACTIONS

A former director who retired from the Company’s board of directors in October 2015, was an officer in a construction company that the Company contracted with in 2015 for the build out of leasehold improvements in connection with a relocation of a bank branch and for construction of a new branch facility located in Auburn, Alabama. Total payments made to the construction company under the terms of these contracts were $1.2 million for the year ended December 31, 2015. There were no payments made related to these contracts for the year ended December 31, 2016.

The Bank has made, and expects in the future to continue to make in the ordinary course of business, loans to directors and executive officers of the Company, the Bank, and their affiliates. In management’s opinion, these loans were made in the ordinary course of business at normal credit terms, including interest rate and collateral requirements, and do not represent more than normal credit risk. An analysis of such outstanding loans is presented below.

(Dollars in thousands)Amount
Loans outstanding at December 31, 2015$3,715
New loans/advances1,071
Repayments(866)
Changes in directors and executive officers24
Loans outstanding at December 31, 2016$3,944

During 2016 and 2015, certain executive officers and directors of the Company and the Bank, including companies with which they are affiliated, were deposit customers of the bank. Total deposits for these persons at December 31, 2016 and 2015 amounted to $17.8 million and $18.1 million, respectively.