Related Party Transactions

12 Months Ended

Dec. 31, 2018

Note 7: Related Party Transactions

The Bank has entered into transactions with certain directors, executive officers and significant shareholders of the Company and Bank and their affiliates or associates (related parties). Such transactions were made in the ordinary course of business on substantially the same terms and conditions, including interest rates and collateral, as those prevailing at the time for comparable transactions with other customers, and did not, in the opinion of management, involve more than normal credit risk or present other unfavorable features.

The aggregate amount of loans, as defined, to such related parties was as follows:


	2018
Balances, January 1,	$	7,242
Change in composition		109
New loans, including renewals		4,108
Payments, etc., including renewals		(5,384)
Balances, December 31,	$	6,075