Related Party Transactions

12 Months Ended

Dec. 31, 2019

Note 23 – Related Party Transactions

Certain directors, officers, and companies with which they are associated were customers of, and had banking transactions with, the Company or the Bank in the ordinary course of business.

The following table summarizes the activity in these loans for the periods indicated (in thousands):



Balance January 1, 2017	$	2,148
Advances/new loans	8,854
Removed/payments	(1,799)
Balance December 31, 2018	9,203
Advances/new loans	9,032
Removed/payments	(8,114)
Balance December 31, 2019	$	10,121

Deposits of directors, officers and other related parties to the Bank totaled $41,647,000 and $43,881,000 at December 31, 2019 and 2018, respectively.