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Related Party Transactions
 12 Months Ended
Dec. 31, 2014
Related Party Transactions [Abstract]  
Related Party Transactions
Related Party Transactions

In the ordinary course of business, the Bank has made loans to its directors and executive officers (and their associated and affiliated companies). All such loans have been made in accordance with regulatory requirements.
The following table presents a summary of aggregate activity involving related party borrowers for the years ended December 31, 2014, 2013 and 2012:
(in thousands)
 
2014
 
2013
 
2012
Loans outstanding at beginning of year
 
$
13,307

 
$
12,272

 
$
12,245

New loans and advances
 
11,392

 
3,584

 
2,697

Less loan repayments
 
(2,490
)
 
(2,213
)
 
(2,113
)
Reclassification (1)
 
(2,491
)
 
(336
)
 
(557
)
Loans outstanding at end of year
 
$
19,718

 
$
13,307

 
$
12,272

(1) Represents loans that were once considered related party but are no longer considered related party, or loans that were not related party that subsequently became related party loans.
 
At December 31, 2014 and 2013 deposits of related parties amounted to $13.7 million and $15.3 million, respectively.