Note 13 - Related Parties

12 Months Ended

Dec. 31, 2018

NOTE

– RELATED PARTIES

Certain directors and executive officers of our bank, including their immediate families and companies in which they are principal owners, were loan customers of our bank. At year-end

2018

and

2017,

our bank had

$32.2

million and

$20.5

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

$25.7

million and

$14.5

million were outstanding at year-end

2018

and

2017,

respectively, as reflected in the following table.

	2018			2017

Beginning balance	$	14,473,000		$	8,882,000
New loans		13,013,000			6,374,000
Repayments		(1,770,000	)		(783,000	)

Ending balance	$	25,716,000		$	14,473,000

Related party deposits and repurchase agreements totaled

$14.8

million and

$15.4

million at year-end

2018

and

2017,

respectively.