Note 17 - Related Party Transactions

12 Months Ended

Dec. 31, 2018

Notes to Financial Statements

Related Party Transactions Disclosure [Text Block]

Note 17. Related Party Transactions

In the normal course of business, the Company grants loans to executive officers, directors and members of their immediate families, as defined, and to entities in which these individuals have more than a

10%

equity ownership. The transactions are completed under the same terms applied to transaction with unrelated

third

parties. There was

$150,000

and

$139,000

of loans to related parties outstanding as of

December 

31,

 

2018

and

2017,

respectively.

As of

December 

31,

2018

and

2017,

deposits by related parties aggregated

$1.1

million and

$1.3

million, respectively.

For the years ended

December 

31,

 

2018

and

2017,

no

referral fees and commissions were paid to affiliates of members of the Board of Directors.