Transactions with Related Persons

12 Months Ended

Dec. 31, 2016

TRANSACTIONS WITH RELATED PERSONS

BancShares had, and expects to have in the future, banking transactions in the ordinary course of business with directors, officers and their associates (Related Persons) and entities that are controlled by Related Persons.

For those identified as Related Persons as of December 31, 2016, the following table provides an analysis of changes in the loans outstanding during 2016 and 2015:



	Year ended December 31
(dollars in thousands)	2016			2015
Balance at January 1	$	79		$	1,045
New loans	314			5
Repayments	(40		)	(971		)
Balance at December 31	$	353		$	79

Unfunded loan commitments available to Related Persons were $1.8 million and $1.4 million as of December 31, 2016 and 2015, respectively.

During 2014, fees from processing services included $17.2 million for services rendered to entities controlled by Related Persons. The 2014 amount includes $16.8 million earned from Bancorporation prior to the merger as it was considered an entity controlled by Related Persons. Effective with the merger there were no longer any fees earned from Bancorporation. The fees for processing services from entities controlled by Related Persons for 2016 and 2015 were not material. BancShares has also provided certain contracted services for entities controlled by Related Persons which have been reimbursed and are not considered material.