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Related Party Transactions
 12 Months Ended
Dec. 31, 2017
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, 2017, 2016 and 2015:
(in thousands)
2017
 
2016
 
2015
Loans outstanding at beginning of year
$
9,836

 
$
10,302

 
$
19,718

New loans and advances
3,982

 
2,006

 
7,165

Less loan repayments
(3,516
)
 
(2,472
)
 
(16,506
)
Reclassification (1)
(1,319
)
 
—

 
(75
)
Loans outstanding at end of year
$
8,983

 
$
9,836

 
$
10,302

(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, 2017 and 2016, deposits of related parties amounted to $11.8 million and $9.9 million, respectively.