Related Party Transactions

12 Months Ended

Dec. 31, 2017

In the ordinary course of business, loans are granted to executive officers, directors, and their related entities. Management believes that all such loans are made on substantially the same terms, including interest rates and collateral, as those prevailing at the time for comparable loans to similar, unrelated borrowers, and do not involve more than a normal risk of collectibility or present other unfavorable features. As of December 31, 2017 and 2016, none of these loans were restructured, past due, or on nonaccrual status.

An analysis of these loans for 2017 is as follows (dollars in thousands):



Balance at December 31, 2016	$	22,078
Additions	24,265
Repayments	(20,589		)
Reclassifications⁽¹⁾	(11,533		)
Balance at December 31, 2017	$	14,221

(1) Includes loans (i) to persons no longer affiliated with the Company and therefore not considered related party loans as of period end or (ii) that were considered related party loans in the prior year but were subsequently not considered related party loans in the current year.

Related party deposits totaled $22,077,000 at December 31, 2017 and $22,121,000 at December 31, 2016.