Related Party Transactions

12 Months Ended

Dec. 31, 2018

11. 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, 2018, 2017 and 2016 are outlined below (in thousands):


	December 31,
(dollars in thousands)	2018		2017		2016
Tax, utility, insurance and other reimbursement	$	724	$	796	$	878
Rent expense		1,014		1,014		1,014
Capital assets acquired		464		561		323
Total	$	2,202	$	2,371	$	2,215