Related Party Transactions

12 Months Ended

Dec. 31, 2015

9. Related Party Transactions

The Company periodically executes transactions with entities affiliated with its Chairman and Chief Executive Officer. Such transactions include automobile, furniture and equipment purchases as well as building operating lease payments and receipts, and reimbursement for the use of a private aircraft service by the Company’s officers and directors.

The transactions which occurred during the years ended December 31, 2015, 2014 and 2013 are outlined below (in thousands):


	December 31,
(dollars in thousands)	2015		2014		2013

Tax, utility, insurance and other reimbursement	$	589	$	692	$	336
Rent expense		1,014		1,026		977
Capital assets acquired		261		266		625
Total	$	1,864	$	1,984	$	1,938

- Definition

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

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