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BANK OWNED LIFE INSURANCE (Tables)
 12 Months Ended
Dec. 31, 2017
BANK OWNED LIFE INSURANCE  
Schedule of change in cash surrender value

 

 

 

 

 

 

 

 

 

 

 

 

For the Years Ended December 31,

(Dollars in thousands)

    

2017

    

2016

 

2015

Balance at beginning of year

 

$

51,430

 

$

50,441

 

$

34,084

Purchases

 

 

15,000

 

 

 —

 

 

15,000

Redemptions

 

 

 —

 

 

(367)

 

 

 —

Earnings, net

 

 

1,580

 

 

1,356

 

 

1,357

Balance at end of year

 

$

68,010

 

$

51,430

 

$

50,441