Note 4 - Related Party Transactions

12 Months Ended

Dec. 31, 2017

Notes to Financial Statements

Related Party Transactions Disclosure [Text Block]

Note

4

:

Related Party Transactions

In the ordinary course of business, the Company, through its banking subsidiary, has granted loans to related parties, including executive officers and directors of Bankshares and its subsidiaries. Total funded credit extended to related parties amounted to

$12,600

at

December 31, 2017

and

$9,445

 at

December 31, 2016. 

The amount of funded loans to related parties as of

December 31, 2016

includes loans to a director who retired in

2017

and loans identified during

2017.

  Loans to related parties as of

December 31, 2017

exclude loans to the retired director. 

During the year ended

December 31, 2017,

total principal additions were

$7,407

and principal payments were

$3,996.

The Company held

$15,612

in deposits for related parties as of

December 31, 2017

and

$14,604

as of

December 31, 2016. 

The Company leases to a director a small office space.

  The lease payments totaled

$5

in

2017

and

$5

in

2016.