Note 13 - Related Parties

12 Months Ended

Dec. 31, 2017

NOTE

– RELATED PARTIES

Certain directors and e

xecutive officers of the Bank, including their immediate families and companies in which they are principal owners, were loan customers of the Bank. At year-end

2017

and

2016,

the Bank had

$20.5

million and

$11.5

million in loan commitments to directors and executive officers, of which

$14.5

million and

$8.9

million were outstanding at year-end

2017

and

2016,

respectively, as reflected in the following table.

	201 7			201 6

Beginning balance	$	8,882,000		$	11,151,000
New loans		6,374,000			4,652,000
Repayments		(783,000	)		(6,921,000	)

Ending balance	$	14,473,000		$	8,882,000

Related party deposits and repurchase agreements totaled $

15.4

million and

$19.8

million at year-end

2017

and

2016,

respectively.