Related Party Transactions

12 Months Ended

Dec. 31, 2014

(19)	Related Party Transactions

The following table reflects the activity and aggregate balance of direct and indirect loans to directors, executive officers or principal holders of equity securities of the Company. All such loans were made on substantially the same terms, including interest rates and collateral, as those prevailing at the time for comparable transactions with other persons and do not involve more than a normal risk of collectibility. A summary of activity of related party loans is shown below:

	2014			2013

Balance, Beginning	$	4,064,588		$	4,776,492

New Loans		6,406,713			7,610,259
Repayments		(7,237,352	)		(8,322,163	)

Balance, Ending	$	3,233,949		$	4,064,588

- Definition

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

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