RELATED PARTY TRANSACTIONS

12 Months Ended

Dec. 31, 2019

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS

NOTE 14 – RELATED PARTY TRANSACTIONS

Loans to principal officers, directors, and their affiliates as of December 31, 2019 and 2018 were as follows:

(dollars in thousands)	2019		2018
Beginning balance	$	83,546	$	105,242
New loans and advances		55,465		94,542
Effect of changes in related parties		(5,967)		0
Repayments and renewals		(49,064)		(116,238)
Ending balance	$	83,980	$	83,546

Deposits from principal officers, directors, and their affiliates at year-end 2019 were $33.3 million and there were no securities sold under agreements to repurchase. Deposits from principal officers, directors, and their affiliates at year-end 2018 were $12.1 million plus an additional $1.9 million included in securities sold under agreements to repurchase.