Related Party Transactions

6 Months Ended

Jun. 30, 2016

8. 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 three and six months ended June 30, 2016 and 2015 are outlined below (unaudited and in thousands):


	Three Months Ended				Six Months Ended
	June 30,				June 30,
(dollars in thousands)	2016		2015		2016		2015

Tax, utility, insurance and other reimbursement	$	192	$	65	$	372	$	145
Rent expense		254		254		507		507
Capital assets acquired		87		26		167		125
Total	$	533	$	345	$	1,046	$	777