18. TRANSACTIONS WITH RELATED PARTIES

12 Months Ended

Dec. 31, 2016

Notes to Financial Statements

NOTE 18. TRANSACTIONS WITH RELATED PARTIES

During the year, executive officers and directors (and companies controlled by them) were customers of and had transactions with the Company in the normal course of business. Management believes these transactions were made on substantially the same terms as those prevailing for other customers and did not involve any abnormal risk.

Loan transactions with related parties are shown in the following schedule:

	2016			2015
Total loans, beginning of year	$	7,180,104		$	7,449,140
New loans		4,701,094			5,226,432
Relationship change		611,415			(44,948	)
Repayments		(5,006,226	)		(5,450,520	)
Total loans, end of year	$	7,486,387		$	7,180,104

Deposit of executive officers and directors and their affiliates were $4,523,561 and $4,529,503 on December 31, 2016 and 2015 respectively.  Management believes these deposits were made under the same terms available to other customers of the bank.