Related Party Transactions

12 Months Ended

Dec. 31, 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 years ended December 31, 2016, 2015 and 2014 are outlined below (in thousands):


	December 31,
(dollars in thousands)	2016		2015		2014

Tax, utility, insurance and other reimbursement	$	878	$	589	$	692
Rent expense		1,014		1,014		1,026
Capital assets acquired		323		261		266
Total	$	2,215	$	1,864	$	1,984