Related Party Transactions

12 Months Ended

Dec. 31, 2016

Note 26 – 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 December 31, 2014		3,132
Advances/new loans		3,098
Removed/payments		(2,029	)

Balance December 31, 2015	$	4,201
Advances/new loans		730
Removed/payments		(2,499	)

Balance December 31, 2016	$	2,432

Until the end of 2015, Director Chrysler was a principal owner and CEO of Modern Building Inc., a construction company, where he continues to be employed in a nonexecutive position. Modern Building Inc. provided construction services to the Company related to new and existing Bank facilities for aggregate payments of $2,289,000, $1,030,000, and $1,181,000, during 2016, 2015 and 2014, respectively.